My Favorite Purchase Of 2021 The Scenario: “They wanted to live in Heritage Eagle Bend.” I've know "Don & Lynn" for many years. They both recently retired and their dream was to live at Heritage Eagle Bend in Aurora, CO. They had heard about using a Reverse Mortgage to purchase a home, so they called me. We talked for a few hours and when the lights went on in their eyes they said, "let's do this!"  Fast forward to a tragic event that became a blessing to everyone involved. A man Don, Lynn and I had known and loved passed away. At the memorial service, the man's family saw Don and Lynn and said, "Our father always wanted you have his home." At first they were shocked, then the the pieces started to come together. Shortly after that, they wrote an offer, and we started the Reverse Mortgage purchase process. The bottom line: Less than two months later, we closed on the their new home in HEB, and they couldn't be happier. This is what the deal looked like. Don and Lynn sold their previous home, the money from that sale was the "down-payment" for their Reverse (HECM) for purchase. They brought a 48% down payment, the rest of the purchase money, 52% was provided by their new Reverse Mortgage.  They are not required to make a monthly payment, they do have to pay their property taxes, HOA fees and homeowners insurance. They plan on living there for a very, long time.