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Category: Reverse Mortgage Purchase

Reverse Mortgage Purchase

A Reverse Mortgage Purchase can be a good option for an older homeowner to use when buying a home. The Reverse Mortgage Purchase loan is also known as a HECM for Purchase. It’s obviously not the only way to buy a home, but it’s definitely an under served loan option at present.

Often times older homeowners will downgrade to a smaller home from a bigger home.  Sometimes they will go from a two story to a more “body friendly” single story home. Alot of times it seems like a good idea to take the proceeds of the sale of their former home and pay cash for the newer, cheaper home.  Perhaps it is, but what if you could take a loan and still NOT have a monthly mortgage payment?  For some, that might be a better option.

In the articles within this category, we’ll explore what it is and how it works along with some of it’s quirks.

Contact Reverse Mortgage Loan Advisors @ Info@ReverseMortgageLoanAdvisors.com

HECM Purchase Program – Reverse Mortgage Purchase

Posted April 20, 2017April 26, 2020 ShawnLeave a commentPosted in Reverse Mortgage Purchase

Many older homeowners are not aware of the HECM Purchase Program.  If you’re thinking about buying a home and paying cash, you may want to consider using a HECM for Purchase Loan.  First, we will go over the very basics of a HECM (AKA Reverse Mort gage). What is the HECM Program? My intent on […]

Can I Use A Reverse Mortgage to Buy a Second Home

Posted April 17, 2017April 13, 2020 ShawnLeave a commentPosted in Reverse Mortgage Purchase

Can I use a reverse mortgage to buy a second home?  You can ABSOLUTELY, use a reverse mortgage to buy a second home.  However, there is a catch (kind of). Here is the “catch” to the question can I use a reverse mortgage to buy a second home – First of all, The home you […]

HECM for Purchase Changes – Big Reverse Purchase Change Coming

Posted April 13, 2017April 13, 2020 ShawnLeave a commentPosted in Reverse Mortgage Purchase

HECM for Purchase Changes – Not everybody is aware that you can buy a home with a HECM for purchase reverse mortgage loan.  That being said, this short article is not meant to educate you about a HECM for purchase loan.  We’ll do that on a separate post.  At this point we’re just highlighting some […]

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Disclaimer:

www.ReverseMortgageLoanAdvisors.com Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

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Affiliate Disclaimer - This website contains affiliate links. If you purchase from any links on this site, I earn a commission at no charge to you.
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