'Home Purchase' Category Archives

All Reverse Mortgage® to Buy in Del Webb Community

November 29, 2017 no comments

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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The Reverse Mortgage Purchase Guide for Real Estate Professionals

May 13, 2017 no comments

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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Can I get a Reverse mortgage Purchase with a Line of Credit?

January 19, 2017 no comments

I am close to 62 years old and am looking to purchase a home with a reverse mortgage. After escrow is closed will I get either a line of credit or payments from this transaction? With a purchase reverse mortgage, most borrowers use all their eligible funds when they purchase the home and there are no funds left over to...
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How much is the downpayment required for a HECM purchase?

January 17, 2017 4 comments

We understand to do a reverse purchase mortgage have to put at least 51% down. Using 100k as example, wife understands we can get back some of the 100k...if so, when? - Art Hello Art, Firstly, the amount you put down depends on your age and the value of the home as it relates also to the HUD maximum...
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Using a Reverse Mortgage to Purchase New Home

June 10, 2016 2 comments

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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Can a Reverse Mortgage be used to Build a New Home?

October 21, 2015 2 comments

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?

December 9, 2014 2 comments

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)

November 11, 2014 no comments

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

Reverse Mortgage to Purchase a Condo

September 26, 2014 no comments

ALERT: HUD Announces Condo Changes Effective October 15, 2019! If I want to buy a condo for $200k all cash, can I then borrow against the equity in a reverse mortgage? Could I take out a sum certain each month or do I have to take it out all at once? I am thinking that the savings from not...
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Americans to Move – Reverse Mortgage Purchase Can Help

April 24, 2014 no comments

Retirement can mean different things for different people. For many, it means moving out of their longtime home and embarking on a new chapter in a different place. Approximately 57% of Baby Boomers, adults ages 49 to 67, say they plan to to move out of their current homes during their retirement years, according to a recent survey from...
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