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'Home Purchase' Category Archives

All Reverse Mortgage® to Buy in Del Webb Community (Client Story)

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An All Reverse Mortgage® Client Success Story in Del Webb Active Adult Retirement Community  Nancy D’Angelo first heard about using a reverse mortgage to buy a home through some friends with a problem: They were moving from the South to Orange County, Calif., where sky-high real estate prices meant they couldn’t cover the cost of a new home just...
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Reverse Mortgage for Purchase: Down Payment Requirements

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Wondering what a reverse mortgage is, and whether it can be used in the purchase of a new home? It sure can, in a process called a Home Equity Conversion Mortgage Purchase. Basically, a new home is bought at the same time a reverse mortgage is taken, and the transaction is rolled into one. It’s an option for homeowners who...
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The Reverse Mortgage Purchase Guide for Real Estate Professionals

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Reverse Mortgage for Home Purchase A Guide for Real Estate Professionals By All Reverse Mortgage® At All Reverse Mortgage®, we're looking to partner with you in educating and helping mutual clients to purchase their retirement home. We have seen how knowledgeable real estate professionals have increased their market share and sales by simply identifying this buyer, you will find yourself with...
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Using a Reverse Mortgage to Purchase New Home

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A browser Phil Smith has sent the following question(s) in the ask experts blog. I wish to purchase a new home for approximately $800,000. What is the difference if I (A) pay cash for the property and then get a $250,000 reverse mortgage or (B) get a $250,000 reverse mortgage as part of the purchase process? I am 72 and my...
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The Ideal Reverse Mortgage Purchase Example.

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There is one financial tool available to borrowers age 62 and over that is not brand new but is often over-looked and that is the HECM for purchase or Reverse Mortgage Purchase Program. The HECM ("Heck-um") is HUD's acronym for the Home Equity Conversion Mortgage and it allows borrowers to not only refinance and eliminate loans on their existing homes...
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Can a Reverse Mortgage be used to Build a New Home?

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Ken Tighe has sent the following question in the ask experts series.  My wife will be 65 on April 5, 2017 and I was 65 on 2/4/2015. We currently own our home but want to build a new home on a lot we own that will better accommodate us in our advanced age. We have the cash to build the new...
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How does a Reverse Mortgage for Home Purchase Work?

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You've probably heard about a reverse mortgage as a special type of loan that retirees can use to help pay off a mortgage or increase cash flow during their later years. A reverse mortgage can be a safe financial alternative to selling the home in which you live and moving away from family and friends, if it’s staying in your...
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Yes, You Can Purchase With a Reverse Mortgage (Audio Interview)

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Have a question about the reverse mortgage for Purchase? Call us Toll Free (800) 565-1722. Or, use our purchase calculator to see how the loan may work for you. Other Purchase Articles by All Reverse HECM Purchase FAQ’s  HECM Purchase Reverse Mortgage in Today’s Top-10 Retirement Cities 12 Tips Before Purchasing with a Reverse Mortgage