Do you have a loved one who may need some help with housing, due to age, health, or a disability… We have a GREAT solution to help!
Let’s use aging parents, as an example… If your parents are getting older and perhaps can’t afford to keep their home + take on additional healthcare related expenses – what are their options, other than selling and sticking them into a retirement home?
Well, there is a federal loan program that’s designed for this exact scenario… the Family Opportunity Mortgage! And, here’s what makes it so special:
It allows you to take care of your aging parents AND invest in real estate. Here’s an example of how it could work:
- Parents move out of their current home. Rent it and collect the passive income
- Parents (or you) buy another home to better meet their needs
- Buy that home with a down payment as small as 5% AND a lower interest rate than the conventional loan market
In short…put the money that would have gone towards the retirement facility back into your family’s pocket by investing in an appreciating asset! Now, that’s making your money work for you 👏
