CAN SENIORS PAY 40% LESS FOR A NEW HOME?

MANY PEOPLE BOUGHT NEW HOMES IN THEIR 40'S AND 50'S KNOWING THEY WOULD PROBABLY HAVE

TO DOWNSIZE WHEN THEY RETIRE.  THE POINT OF DOWNSIZING IS TO REDUCE LIVING EXPENSES AND FREE UP SOME OF THE APPRECIATION THEIR HOME HAS ENJOY IN ORDER TO ADD TO THEIR RETIREMENT FUND.

IN THE ABOVE EXAMPLE, A HOME PURCHASED FOR $400,000 GREW TO $800,000 THEN GETS SOLD TO PAY FOR THE NEW SMALLER HOME, AND PUT SOME MONEY IN THE BANK.

IF YOU PAY $340,000 FOR THE NEW HOME, YOU CAN ADD $100,000 TO YOUR RETIREMENT ACCOUNT

IN THE CASE ABOVE, YOU PAY $200,000, WHICH IS 40% LESS, WE PROVIDE A MORTGAGE FOR THE REST THAT REQUIRES NO PAYMENT FOR THE REST OF YOUR LIVES, OR WHEN THE HOME IS SOLD.