REVERSE MORTGAGE FOR HOME PURCHASE

FOR IMMEDIATE RELEASE

Contact:
Eleanor Dullas
Sales Rep/Owner
EXIT REALTY GRANADA
(818)831-3219
granadaexit@gmail.com

REVERSE MORTGAGE FOR HOME PURCHASE

Home Equity Conversion Mortgage

Granada Hills, California (Grassroots Newswire) July 24, 2009 -- What is Home Equity Conversion Mortgage (HECM) for purchase?

• An FHA insured reverse mortgage
• Enables senior homebuyers, age 62 or older, to purchase a new primary residence and obtain a reverse mortgage in simultaneous transactions with no monthly payments
• allows buyers to combine reverse mortgage proceeds with a down payment from their current home sale or other assets to purchase a new home.

How It helps senior homebuyers? They can purchase a new home without taking on a new monthly mortgage payments, purchase residence suitable for current needs, purchase a home in a senior housing community, downsizing and relocating closer to family and friends.

For more information about EXIT Realty Granada, please call (818)831-3219. EXIT Realty Granada is located at 17029 Chatsworth St. #100 Granada Hills, Ca. 91344.

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Documents and/or Photos available for this release:

Eleanor Dullas-Realtor/Owner

To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 217334