Many Realtors (and clients) don’t know this is even an option… but it could solve one of your biggest challenges right now.
This week’s Saturday Strategy dives into an underutilized—but incredibly powerful—tool for 62+ homebuyers: the Reverse Mortgage for Purchase.
I recently spoke with a past client navigating retirement, downsizing, and limited monthly cash flow. Traditional financing strategies (like buydowns) just weren’t cutting it. That’s when this strategy stepped in to solve the problem.
âś… Key Highlights:
• Buyers must be 62+ years old
• Typically requires ~50% down (can vary slightly with age)
• They retain full ownership of the home—despite the myths
• Yes, there are costs, but they’re manageable—seller credits can cover much of it
• Zero monthly mortgage payments = better retirement cash flow
đź’¬ Real Talk:
This isn’t just a niche product. It’s a real solution for clients who want to move but are concerned about increasing rates, monthly payments, or qualifying on fixed income. It’s also a great option when downsizing still leaves them short due to today’s prices.
🎯 Action Steps for Realtors:
1. Reframe downsizing conversations—this gives seniors buying power and cash flow freedom.
2. Ask about clients 62+ who want to move but haven’t found a financial path forward.
3. Educate against common myths: ownership loss and “high fees” are misunderstood.
4. Partner with me on any scenario—we can co-host a strategy call and walk through options.
Let’s help your clients make the smartest move possible in retirement.
Shoot me a text or call anytime at 480-553-8770 if you want to talk through a scenario or set up a one-on-one session.
clear communication, great follow up & on time closings = no excuses
Kevin Brierton
Branch Leader | Certified Mortgage Planning Specialist
NMLS #599873
Advisor. Educator. Lover of anything outdoors. Father of 2 beautiful kids
Kevin Brierton Team Powered by Luminate Bank NMLS # 1281698
Call or Text l 480.553.8770
Fax l 480.264.0300
E-Mail l Kevin@KevinBrierton.com
Get Started 24/7 l https://KevinBrierton.com/Apply
Snail Mail l 6991 East Camelback Rd., Ste D-300 Scottsdale AZ 85251
Connect with us on social | www.MeetKevinBrierton.com
Luminate Bank NMLS #1281698 Corporate Headquarters 2523 S. Wayzata Blvd Suite 200, Minneapolis, MN 55405. This advertisement does not constitute a loan approval or loan commitment. Loan Approval and/or loan commitment is subject to final underwriting review and approval. For licensing information, go to www.nmlsconsumeraccess.org | Equal Housing Lender | Member FDIC
