| HECM for Purchase: ... This is about using a Reverse Mortgage to Purchase a home |
We offer very competitive Reverse Mortgages for the "purchase of a home" with fast turn times.
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HECM for Purchase
This Loan Program Features:
A little less worry or concerns for Credit Scores the a normal mortgage and that is part because you are putting about 50% down.
Almost no concern for income requirement since there is no payment on the loan. Just show us you can afford the property taxes, Homeowner's insurance and repairs on home.
There is an age requirement that all "borrowers" must be at least 62 years old.
There is no requirement to pay mortgage payments or payoff the loan as long as you maintain the property as your primary residence.
You may choose to remain living in the home for the rest of your life which can be a real good solution during retirement.
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