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Posts Tagged 'reverse mortgage purchase'

The Realtors Guide to Reverse Mortgages for Home Purchase

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Because more borrowers can buy homes and that helps your buyers over the age of 62, it helps your sellers and it helps you! Many real estate professionals have been skeptical of reverse mortgage purchase transactions if they have even heard of them at all, simply because they didn’t know anything about them. Some heard a horror story from “somebody...
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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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Can You Purchase Reverse Mortgage with Bad Credit?

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Married borrowers  # 1 has good credit-no blemishes # 2 has a bankruptcy with 2 foreclosures 2.5 years ago @1 self employed and @ employed full time. Combined income about $160,000 per year. #1 owns two properties which he intends to sell and use the proceeds from sales as a down payment for a new home for #1 and #2...
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