Realtor Paul Allen

Realtor Paul Allen Real Estate Agent
DRE # 01779779 I love real estate. Let me be your REALTOR. I specialize in SOLD. Call today 951-440-5141

The Home Buying Process
03/07/2017

The Home Buying Process

Common questions home buyers have today.
03/27/2015

Common questions home buyers have today.

MANY SENIORS WANT TO "DOWNSIZE" TO A SMALLER HOME, SO I CAN HELP THEM SELL THEIR CURRENT HOME AND THEN HELP THEM PURCHAS...
02/10/2015

MANY SENIORS WANT TO "DOWNSIZE" TO A SMALLER HOME, SO I CAN HELP THEM SELL THEIR CURRENT HOME AND THEN HELP THEM PURCHASE THEIR NEW HOME WITH THE "REVERSE MORTGAGE FOR HOME PURCHASE PROGRAM".

DEPENDING ON THE AGE OF THE SENIOR, THERE WILL BE 50% TO 70% OF THE PURCHASE PRICE AVAILABLE FROM THE REVERSE MORTGAGE, AND THE SENIOR ONLY NEEDS TO BRING 30% TO 50% TO THE CLOSING, AND CAN LIVE IN THEIR NEW HOME FOR THE REST OF THEIR LIVES WITH "NO MORTGAGE PAYMENTS"!!!

EVERY YEAR ABOUT 350,000 SENIORS (62+) ARE "DOWNSIZING". THE "REVERSE MORTGAGE FOR HOME PURCHASE PROGRAM" IS THE PERFECT PROGRAM FOR "DOWNSIZING".

AGE OF YOUNGEST BORROWER APPROXIMATE DOWN PAYMENT
62 YEARS OLD 52% OF PURCHASE PRICE
72 YEARS OLD 45% OF PURCHASE PRICE
82 YEARS OLD 37% OF PURCHASE PRICE
92 YEARS OLD 29% OF PURCHASE

EXAMPLE: A SENIOR COUPLE WAS TOLD NOT TO SPEND MORE THAN $300,000 BY THEIR FINANCIAL ADVISOR FOR A NEW HOME, BUT THEY DIDN'T LIKE THE OPTIONS IN THAT PRICE RANGE. WITH THE "REVERSE MORTGAGE FOR HOME PURCHASE PROGRAM", THEY ONLY HAD TO PUT DOWN $200,000 FOR A $400,000 HOME THAT WAS NEWER AND HAD MORE AMENITIES.

THIS IS THE "A-HA" MOMENT. WHEN THE COUPLE MET THE REALTOR, THEY WERE GOING TO SPEND $300,000. NOW THE REALTOR HAS MET THEIR GOAL OF NO MORTGAGE PAYMENTS IN RETIREMENT. NOW THEY HAVE THEIR NEW HOME AND $100,000 THAT THEY CAN GIVE BACK TO THEIR FINANCIAL ADVISOR.

ONCE AGAIN, THIS IS THE "A-HA MOMET FOR THE COUPLE.

AND PLEASE LET ME KNOW IF YOU HAVE ANY SENIORS IN YOUR FAMILY, CHURCH OR CIRCLE OF FRIENDS WHO ARE STRUGGLING FINANCIALLY. HOPEFULLY I COULD IMPROVE THEIR "QUALITY OF LIFE" AND GIVE THEM "PEACE of MIND" WITH A REGULAR/STANDARD REVERSE MORTGAGE.

I'VE ATTACHED THE FOLLOWING INFORMATION:
"Reverse Mortgage For Home Purchase Program"

PLEASE TAKE A LOOK AT MY INFORMATIVE http://www.reversemortgages62.com/

06/03/2014

Many homeowners pay it and many home buyers try to avoid it…mortgage insurance. You may be wondering, “What is mortgage insurance and why do I have to pay for it?” Here’s more information on how it may affect your mortgage payments.

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Temecula, CA

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