Use a Utah Reverse Mortgage to PURCHASE a home, with no mortgage payments* 1. Are you 62 and older and relocating or downsizing? 2. With a down payment between 29% and 63% of the purchase price (which depends on the age of the buyers), you can use a reverse mortgage for the remainder […]
Utah Reverse Mortgages – News/Blog
Burdensome credit card debt or other consumer debt: By borrowing a lump sum or using a line of credit with a Utah reverse mortgage, homeowners can pay off or consolidate debt and eliminate the monthly payments on that debt. Unlike a traditional HELOC (Home Equity Line of Credit), with a reverse mortgage, there is no […]
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