--- title: United Equity Finance & Realty Reverse For Purchase Landing Page description: With a Reverse For Purchase mortgage, you can boost your home buying power while eliminating the need to make monthly mortgage payments. image: https://unitedequityfar.com/hubfs/Reverse%20Mortgage%20Meditating%20Retirement%20Peace%20of%20Mind%20With%20Dog-1.jpg --- # UNITED EQUITY FINANCE & REALTY # [![united equity finance & Realty Logo for email](https://unitedequityfar.com/hs-fs/hubfs/united%20equity%20finance%20%26%20Realty%20Logo%20for%20email.png?width=200&height=200&name=united%20equity%20finance%20%26%20Realty%20Logo%20for%20email.png)](https://unitedequityfar.com?hsLang=en)   With a Reverse For Purchase, you can boost your home buying power while eliminating the need to make monthly mortgage payments. Complete the brief form, we'll connect with you directly, and have your pre-qualification ready in minutes.   Reverse For Purchase Benefits - Eliminate your monthly mortgage payment obligation - Increase buying power for a house previously out of reach - Downsize / Upsize / Right Size To Home That Better Suits Retirement - Improve cash flow and preserve savings ### Complete The Form And Pre-Qualify Today! \*We are a full service mortgage and real estate brokerage. We do NOT sell or share your information. A representative of United Equity Finance and Realty will reach out to you directly upon receipt of your pre-qualification submission. (There is no cost to prequalify) ![peace with dog-1](https://unitedequityfar.com/hs-fs/hubfs/peace%20with%20dog-1.jpg?width=2000&height=1333&name=peace%20with%20dog-1.jpg "peace with dog-1") # What Is A Reverse 4 Purchase Mortgage? #### A reverse mortgage is a loan that converts your home equity into cash. The unique benefit of this loan is you don’t need to pay it back month after month.  #### You can use a reverse mortgage to purchase a new primary residence when you find that your existing home no longer fits your needs or you want to move to a more desirable retirement location. #### Unlike when you purchase a new home with a traditional mortgage, purchasing a home with a reverse mortgage does not require monthly mortgage payments.\*   ## Here's How The Reverse For Purchase Works   1. Choose a home that is better suited for your retirement needs and lifestyle 2. Put a portion of the new home’s sale price toward the reverse mortgage loan— the reverse mortgage will finance the remaining balance, and if you are selling your previous home, you can even apply the cash left over toward your retirement nest egg 3. Live in your new home without the burden of a monthly mortgage payment\* 4. Continue to maintain the home and pay typical homeowner fees, taxes, and insurance 5. The loan does not have to be repaid until the last borrower leaves the home\* [Click Here To Download Your Free Reverse Mortgage Information Guide](https://unitedequityfar.com/download-free-reverse-mortgage-guide?hs_preview=nDMYAuWX-133269121604&hsLang=en) ## United Equity Finance & Realty Charlie Ferguson DRE # 01989883 / NMLS # 2713277 Real Estate Broker (310) 621-3109 [CFERGUSON@THEOCREVERSE.COM](mailto:CFERGUSON@THEOCREVERSE.COM) [UNITEDEQUITYFAR.COM](https://unitedequityfar.com/?hsLang=en)   ![realtor-mls-png-logo-6097](https://unitedequityfar.com/hs-fs/hubfs/realtor-mls-png-logo-6097.png?width=130&height=67&name=realtor-mls-png-logo-6097.png) [![united equity finance & Realty Logo-3](https://unitedequityfar.com/hubfs/united%20equity%20finance%20%26%20Realty%20Logo-3.jpg "united equity finance & Realty Logo-3")](https://unitedequityfar.com?hsLang=en) If you are of retirement age and need extra cash or a smaller mortgage payment, please feel free to reach out to us directly at [\[ (800) 320-3198](tel:8003203198) \]. We specialize in assisting homeowners with the HECM reverse mortgage process. Our experienced team will guide you through eligibility assessment and program details. There’s no cost to qualify, and you will typically receive your cash within 3 to 4 days after closing. # UNITED EQUITY FINANCE & REALTY     UNITEDEQUITYFAR.COM NMLS #2713277 // DRE #01989883 This licensee is performing acts for which a real estate license is required. Charlie W Ferguson Jr Doing Business as United Equity Finance and Realty is licensed by the California Bureau of Real Estate, Broker # 01989883; NMLS # 2713277. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower.   Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. UNITED EQUITY FINANCE & REALTY is an Equal Opportunity Mortgage Broker/Lender.  The services referred to herein are not available to persons located outside the state of California. As a broker, UNITED EQUITY FINANCE AND REALTY is NOT individually approved by the FHA or HUD, but is allowed to originate FHA loans based on their relationships with FHA approved lenders. UNITED EQUITY FINANCE & REALTY is not acting on behalf of at the direction of HUD/FHA. ----------------------------- This material is not from HUD or FHA and has not been approved by HUD or any government agency. \*The reverse mortgage borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance.  The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable.  The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. ------------------------------ It is the policy of our company to respond to customer complaints, disputes and issues immediately, to take each complaint seriously, to investigate each complaint however small it is – immediately and to take remedial actions swiftly. As soon as a complaint is received, it is documented and is logged into a special log. The complaint is sent directly to the Customer Complaint Officer or his designate, in order to take action. All complaints and records of complaints are kept in a special complaints binder along with all the Customer Complaint Officer’s Quality Control Files and other written policies so employees can easily access them and use them to provide better customer service. Reports on complaints are reviewed during the Customer Complaint Officer’s meetings with our Board. We are focused on providing financial products and services to all customers in compliance with all Federal and State regulatory policies including but not limited to consumer protection, fair lending and civil rights laws. For more information, contact us at the number on the Home Page. Your privacy is very important to us. Accordingly, we have developed this Policy in order for you to understand how we collect, use, communicate and disclose and make use of personal information. Before or at the time of collecting personal information, we will identify the purposes for which information is being collected. - We will collect and use of personal information solely with the objective of fulfilling those purposes specified by us and for other compatible purposes, unless we obtain the consent of the individual concerned or as required by law. - We will only retain personal information as long as necessary for the fulfillment of those purposes. - We will collect personal information by lawful and fair means and, where appropriate, with the knowledge or consent of the individual concerned. - Personal data should be relevant to the purposes for which it is to be used, and, to the extent necessary for those purposes, should be accurate, complete, and up-to-date. - We will protect personal information by reasonable security safeguards against loss or theft, as well as unauthorized access, disclosure, copying, use or modification. We will make readily available to customers information about our policies and practices relating to the management of personal information. We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality of personal information is protected and maintained. This short outline included important aspects of our privacy policy. To review our entire privacy policy, email us at Ferguson@unitedequityfar.com