How to save money with Family Opportunity Mortgage- Part 2
Welcome back! Let's explore detailed examples of how the Family Opportunity Mortgage has been a blessing for many families.
Detailed Real-Life Examples
The Wither’s Family: The Withers purchased a home for their mother, who was struggling with mobility issues. The new home was closer to the family and had modifications like a walk-in shower and ramp access, significantly improving her quality of life.
The Bailey's Story: The Bailey family bought a home for their son with disabilities. This home was not only close to specialized medical facilities but also provided a tailored living space, giving him the freedom and independence he deserved.
For College Kids: The Andersons invested in a property near their daughter's university. This not only saved them on dorm fees but became a valuable investment property, providing their daughter a stable and secure living environment during her studies.
Greatest Advantage
This mortgage is outstanding if you're looking to help your family members buy a home of their own. The Family Opportunity Mortgage allows you to purchase a home for your child, elderly parents, or disabled family member and count it as an owner-occupied property to get lower interest rates.
Addressing Your Concerns
Credit Concerns: A minimum credit score of 620 is required, but there are options for lower scores.
Downsides: Assess your financial situation and long-term goals.
Getting Started: Find a lender familiar with this mortgage and discuss your eligibility.
In conclusion, the Family Opportunity Mortgage is a meaningful way to provide for your family's needs. Whether it’s for elderly parents, a disabled family member, or a college-going child, this mortgage can be a smart and compassionate choice.
For personalized advice and assistance with the Family Opportunity Mortgage, feel free to contact me. I'm here to help you navigate this journey and make the best decision for your family’s future.
Remember, always consult with a financial advisor for tailored advice. This information is for guidance and education.
Adam Snively
317-245-3814
Adam@adamsnivelymortgage.com
Looking forward to assisting you in providing the best for your family!
