You can buy a new home using an FHA Reverse Mortgage and there are so many potential advantages for those over the age of 62, especially for the self-employed. Let me explain -

Normally when you apply for a mortgage, your credit score and your income determine the amount of money you can borrow to purchase a home. Then, of course, the home [...]

How can you buy a home and have no mortgage payment even though you still have a home to sell? If this is you

You are 62 or above You have significant equity in your primary residence You dont feel comfortable buying a new home until your current home is sold You know where you would like to buy and realize this is a good time to buy You [...]