Eliminate the fees, move in quicker.

Cash

Buy Quickly, Sell Easily

Eliminate the fees and buy your home quickly.

There are many benefits to buying your home in cash. Just like The 62+ Loan, you eliminate the need for monthly mortgage payments and simplify the buying process. However, it also means all your money is tied up in the home itself. By using The 62+ Loan instead, you can keep a lot of cash in your pocket and use it for other things.

Why 55places Mortgage

Understand Your Needs

We understand that purchasing a home is one of the largest investments most people will make in their lifetime. On top of that, a move to an active adult or retirement community often means getting a home that you intend to stay in for many years, maybe even for the rest of your life. We know you want to do right.

Low Rates

55places Mortgage has partnered with Mutual of Omaha Mortgage to make sure we can provide you with the lowest rates possible without sacrificing integrity and diligence.

Top Customer Service

We at 55places Mortgage understand that with such a substantial investment comes a vast amount of research and questions. No one will devote as much time to helping you buy your next home. We will do our best to present you with all the information so YOU can decide which mortgage is right for you.

Monthly Payment Options

$350,000
62
The 62+ LoanCash30-Year Fixed Mortgage15-Year Fixed Mortgage5/1 Year ARM
Down Payment$193,000$350,000$70,000 (20%)$70,000 (20%)$1,773
Mortgage Payment$0/month$0/month$1,879/month$2,768/month$1,773/month
Interest Rate5%N/A5%5%4.5%
APR
(Annual Percentage Rate)
5.210%N/A5.210%5.210%4.703%
Yearly Cost$0/year$0/year$22,547/year$33,213/year$21,281/year
Own the Home
Extra Cash in Your Pocket
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APR (Annual Percentage Rate) based on a fixed rate HECM with a 5% interest rate as of 2019-11-21
The prices and percentages provided are for estimating purposes only. Consult with a mortgage expert to determine precise payment requirements.

Start living the life you've always imagined.

Contact us for a free, no-obligation consultation.

Which loan option are you interested in?

The 62+ Loan