![Myth5- Reverse Mortgage cannot help Finance home purchase with Melisa Gucci](https://pbcdn1.podbean.com/imglogo/image-logo/654813/PBT_HS_BW_2016_Revised7riga_300x300.jpg)
Thursday Jul 14, 2022
Myth5- Reverse Mortgage cannot help Finance home purchase with Melisa Gucci
In this myth I call myth #5 is that people don't believe that you can actually use a reverse mortgage to help finance the purchase of a new home.
Think of it just like a regular mortgage or using a mortgage as a down payment, but this time it's a reverse mortgage, which means no mortgage payments.
This myth is false. Reverse mortgage allows empty nesters to right size and set a compromise instead of downsizing and compromising their living situation.
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