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Posts Tagged 'hecm purchase'

Reverse Mortgages for Purchase in Texas Now Approved!

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As the last state in the union to approve it, Texas voted in early November to allow the reverse mortgage for purchase product to be offered to its residents and those moving to the state. Texas has lagged other states that have long offered this type of reverse mortgage loan, due to longtime homestead laws that place certain barriers...
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HECM Purchase: Down Payment, Rates & Limits

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Did you know that a reverse mortgage can be used to purchase a new home? It sure can, in a process called a Home Equity Conversion Mortgage Purchase. (HECM Purchase) Basically, a new home is bought at the same time a reverse mortgage is taken, and the transaction is rolled into one. The reverse mortgage for home purchase is an...
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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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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

Americans to Move – Reverse Mortgage Purchase Can Help

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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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2013 Update: Reverse Mortgage Purchase in Texas Still Coming…

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Update: 11/08/2013 Prop 5 Passes in Texas, But Implementation May Take Longer Proposition 5 passed by a wide margin this week, paving the way for HECM for Purchase to be offered in Texas. To pass, Prop 5 needed approval by 51 percent (50% plus 1) of voters, but the final tally was 62 percent. During the NRMLA Business Meeting, NRMLA...
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