Republic Mortgage

1415 E 2100 S, Salt Lake City, UT 84105

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General Info

Buying A New Home? The Money You Need Is Already Inside.

If you have ever considered buying a new home - perhaps even a new construction in an active adult community, or making the move closer to your children - then you must look into this.

The Home Equity Conversion Mortgage (HECM) for Purchase is a great alternative to liquidating assets or applying for traditional mortgages that have to be paid back each month - and its insured by the Federal Housing Administration.

The HECM for Purchase enables buyers age 62 and better to purchase their new retirement home for only 40% down or less... AND NEVER HAVE ANOTHER MORTGAGE PAYMENT, for as long as they live in the home.

  • You retain full ownership and can move or sell at anytime without penalty
  • May pass the home to your heirs
  • No monthly mortgage payments - Ever
  • Purchase Home of your dreams - and still have retirement nest egg
  • Insured by Federal Housing Administration

How It Works

72-year old John and Mary want to purchase a single-family home for $250,000 in Salt Lake City, Utah. Using the HECM for Purchase, John and Mary only need $92,000 of their own funds for the down payment. Here's How The Benefit: They have conseved their retirement nest egg and will not have the burden of monthly mortgage payments for as long as either John or Mary remain in the home. Plus it's all insured by the Federal Housing Administration.

Already Found The Home Of Your Dreams? The Money Is Already Inside

The Home Equity Conversion Mortgage, HECM, can enable homeowners, age 62 and better, to gain access to the equity in their home for their retirement years - AND NEVER HAVE MONTHLY MORTGAGE RE-PAYMENTS. Locked up Equity is a thing of the past with this Federal Housing Administration insured program, designed to help retirees age in place and still have enough money to live on.

Call Today To Learn If You Qualify, 801-467-4996 or Toll-Free 1-800-700-1187

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