Thank you for the brochure and help in understanding the CHFA reverse mortgage. I know you do not get involved in processing this loan so it was especially nice of you to spend the time with me so that I could get an understanding of my options. Ray P

John: As a geriatric care manager, whose focus is to evaluate our elders, determine their highest level of function, in hopes of coordinating services to keep them safely in their home, I was happy to read the article regarding reverse mortgages from NCOA. Thanks for the email!

Dear John, Thanks for pointing me in the right direction to help me take care of a couple of mortgage issues that I had. I know we could not do business now, but I can guarantee you that I will be calling you back. I love that someone is willing to offer helpful direction even if it is not to their financial benefit. Kathy D in New Haven

Dear John, Thank you for working with me on my reverse mortgage. It will allow me to help my grand-daughter pay for college this year and the next three. I feel so good about being able to do this. Thank you.

Roger. Yes there is no restriction on what you purchase with your reverse mortgage as long as your new purchase and cash on hand fits within the purchase formula. For instance let us say that you just sold your family home for $225,000 and it was mortgage free. Your dream house (maybe on a golf course) will cost you $350,000. At current interest rates, if you are 62 years old, you will need to bring to closing about $206,000; if 68 years old you need about $183,000; and at 74 you need $157,000. Enjoy your dream.

Please answer me via your guestbook as you have others. It appears to me after reviewing the power point presentation of purchasing a home using a reverse mortgage, that I can actually buy my dream home, that before I could never afford. Is that true?

I found your audio and video messages on your help page very useful. I look forward to viewing more as you add them. DM