A seamless move with financing options and professionals ready to serve you.
When you are ready to purchase your new home we have arranged for dedicated financing professionals to help fund your move with dedicated attention and white-glove service. Whether you seek to purchase your home with a traditional mortgage, are searching for a bridge loan so you can make a cash offer, or you are looking for a reverse mortgage so you can purchase with no monthly payments, our 55places.com real estate professionals stand ready to help you today.
Traditional Mortgage
Purchase Your New Home with a Traditional Mortgage
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- Learn about your various traditional mortgage options with our lending professionals committed to 55places.com.
- From 30 and 15-year fixed to adjustable rate mortgages, choose what is best for you.
- Apply directly with the lender. We stand by you during the process to ensure great service.
- Obtain your approval and funding so you can move with peace of mind.
- Mortgage Professionals are specially chosen for their excellent white-glove service.
Bridge Loans
Get Cash Quickly to Make a Cash Offer with a Home Equity Line of Credit
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- With a bridge loan you can purchase your new home with a cash offer now while taking your time to list and sell your existing home.
- You can do so with a Home Equity Line of Credit that can act as a bridge loan.
- Borrow and obtain cash for up to 75% of your existing home’s value.
- Make a cash offer on your chosen 55+ home.
- Pay back your Home Equity Line of Credit when you have sold your existing home!
Reverse Mortgage
HECM Reverse Mortgage: Purchase with No Monthly Payments
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- If you are at least 62 years of age and looking to purchase a home that will be your primary residence, a Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage with which you can purchase your new home
- With a HECM you can choose flexible monthly payments or no payments on your mortgage.
- Typical down payment required is 45% to 62% of the purchase price although that can vary.
- Your purchase must be for your primary residence not a second home.
