A reverse mortgage or mortgage buy down program can be a good choice for someone who has a valuable (or even not so valuable) home and property but very few other assets with which they can generate income. The extra monthly payments can go a long way toward making life more comfortable for the home owner. Many people find themselves in this situation. They may have put all their savings into paying off the home while they were working. Now that they are retired, they may find themselves with an inadequate social security or pension payment, and few other assets saved up.

A mortgage buy down program can help fill the gap many retirees find between their monthly living expenses and their monthly income. It is not the right choice for everyone in every circumstance, but for many people, a mortgage buy down program can greatly increase their quality of life.