Doug@SBRanchRealty.com
    (520) 829-5219

55+ Active Adult Communities in Arizona | SBRanchRealty.com55+ Active Adult Communities in Arizona | SBRanchRealty.com

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  • REVERSE MORTGAGE INFORMATION

Reverse Mortgage 62AZ

Watch our Reverse Mortgage Presentation Now!

CALL MELANIE AT 866.549.3900 #3 FOR UPDATED 2022 INFORMATION

Reverse Mortgage for Home Purchase

Want to buy a new home that meets your changing needs or lifestyle? Maybe you’d like to live closer to family – or to the golf course? If you are at least 62 years old, now you can buy a home without having to deplete your entire retirement savings and without having to make monthly mortgage payments.

Stipulations include maintaining primary residence, keeping current on property taxes and insurance, and making sure the house is properly maintained.

Call us today to see if you qualify. As part of the process, you’ll then work with an independent reverse mortgage counselor, who can help you evaluate all the risks and benefits.

  • No monthly mortgage payments.  Loan would be due when you move out permanently, sell the home, or pass away.
  • Down payment would be between 25% and 47.6% (plus closing costs), depending on your age.
  • Non-recourse: never owe more than what the home is worth. If the heirs choose not to repay the loan and the home is foreclosed, they will not be liable for any deficiency.

 

Reverse Mortgage as a Financial Tool

Did you know that about 50% of baby boomers have no retirement savings?  There is hope, though, since about 80% of baby boomers have substantial equity in their homes.

Have you thought about having NO MORTGAGE PAYMENTS?  The reserve mortgage is a great financial planning tool for retirement; especially if you want to stay in your home.  Here’s a couple of answers for you:

  • If must be age 62 or older
  • Title to the property is in YOUR name
  • No credit, employment, assets or income to qualify
  • No monthly mortgage liability
  • You still pay the property taxes and insurance

Reverse Mortgage is Ideal for:

  • Seniors with limited retirement assets who may not need the funds today, but want the security of available cash.
  • Seniors who want to increase cash flow liquidity through home equity.
  • Seniors who want to eliminate their monthly mortgage payment and apply funds towards other retirement instruments.
  • Seniors who wish to use their home’s equity to access cash for today or in the future.

This material is not from HUD or FHA and has not been approved by HUD or a government agency.

About Us

SBRanchRealty.com is a Real Estate Brokerage that specializes in sales within the 55+ Communities of Arizona.

Douglas Sedam, Lynn Baker and Kevin Kelly are here to guide you through selling your existing residence and/or buying your next for-ever home.

Testimonials

Doug Sedam was awesome to work with and I learned a great deal about both selling and buying a home. Both transactions were seamless in that what occurred was exactly according to the plan Doug originally proposed.

John C.

We were referred to Doug Sedam by a close friend of ours that has used his services many times before.  Working with Doug was an incredible experience and he is now our realtor for life!

Karen S.

Doug Sedam was a joy to work with during the sale of our home. We had never sold a home before and Doug guided us through every step of the process to what was a very close of escrow.  We are truly grateful for all the hard work that Doug did in getting us out of a home that we thought had very little equity.  He was able to get us top dollar for our home.  He did this by effectively marketing the home, and bringing a buyer, which resulted in an even greater reduction in total commissions paid out.

Jennifer H.

Lynn Baker constantly works hard for the sale of our home.  His professionalism is exhibited by his manners with us and the buyers coming to the numerous Open Houses he holds.  Always a positive attitude, no hard sell, just an ethical, down to earth common-sense approach to the outcome we all want.  As his clients we could not ask for anything more.  Both my wife and I highly recommend Lynn and SBRanchRealty for all your real estate needs.

Don and Betty S.

Doug came to our home here in SaddleBrooke Ranch to meet with us.  He initially previewed our home, and then conducted a very detailed listing presentation. At the end of his listing presentation, he told us he thought that he had a buyer that would be very interested in our home.  Within 4-days' time our home was in escrow at "full price", and we closed 30-days later!   The buyer also bought a great deal our furniture and the golf cart as well, all making our move out-of-state even easier for us.  We highly recommend Douglas Sedam if you are considering listing your home here at the "Ranch".

Ricard and Barbara K.

When I finally decided to stop renting and own my own residence, my son, who manages properties, recommended Kevin Kelly. This was my first purchase of property at age 79. I'd always heard that buying was stressful, complicated, and wearing. As it turned out, none of that developed. Kevin was mindful of my desires and needs as it was to be (I hope) my last move. My new residence is a dream. Eight or so months later, I'm still finding positive things about the location and the residence itself. A bonus was good neighbors.  When I did decide on "where," Kevin went to work on the "when" and 17 days later I closed and moved in. When it was all over and the smoke cleared, I could only say, "That's it!" If I ever have to buy again, Kevin Kelly will be the one to handle it. Thanks Kevin!

James O. CM Sgt USAF- Ret

My agent was Lynn Baker, he was very knowledgeable of the current market trends. He was very helpful to me on the sale of my home. He is a professional in every aspect of the real estate business.  He guided me through every aspect of the transaction from listing to closing. He would respond quickly if I sent him a text message or called him. Top notch customer service! Would definitely use the SBRanchRealty team in the future and have Lynn Baker as my agent.

Louise M.

Within days of listing our home, Doug showed our home to one of his clients - who fell in love with our home.  We were in escrow within the week and we saved over $21,000 in commission by Doug representing both parties.  The caveat to all this is that Doug negotiated a 6-month "rent-back" as our new home in Colorado was not done yet!  Winner-Winner for us and the buyers!  Great job Doug!

Terry B.

We were referred to Doug Sedam by neighbors here at SaddleBrooke Ranch as they had sold their home and then purchased another as they a bigger home for all their family to come for the holidays.  They were very happy on both the transactions that he helped them on. We needed to relocate back to the mid-west to be closer to our family and needed to sale and move in a hurry. Doug put "the pedal to the metal" and got us where we needed to be in just 45-days.  We couldn't have done it without him!

Thomas S.

Lynn Baker has been so wonderful to work with.  He has listed our home here in Arizona and is doing a fabulous job.  We actually own a Real Estate company in Oregon and know a great agent when we find one.  Lynn is such an honest and hard-working Realtor.  Look no further...he's your man!

Chris and Sharon O.

Douglas Sedam and Lynn Baker were our listing agents on the home we just recently sold in SaddleBrooke.  We have never had, in all of our real estate endeavors, such a high level of customer services plus the end result of selling our home in short order.  We highly recommend Douglas and Lynn at SBranchRealty!

Micheal & Donna W.

Contact Us

SaddleBrooke Ranch, Oracle, AZ 85623

(520) 829-5219
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than SBRanchRealty are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
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