What is a HECM Reverse Mortgage Purchase? Yes, you can buy a home with a reverse mortgage. Many qualified home buyers and even real estate professionals are learning about the features of the reverse mortgage purchase. If…
Although a Reverse Mortgage does not require a monthly mortgage payment, it does NOT eliminate other monthly housing expenses such as taxes, insurance for homeowners and maintenance. In the past, some borrowers that have received Reverse Mortgages, have later fallen…
1 The lender will own my home. When entering into a Reverse Mortgage the borrowers retain title to the property as long as they continue living in the home. The lender only has a lien attached to the property. 2 Any…
Reverse Mortgage FAQ Question & Answer... Q: What is a reverse mortgage? A: A reverse mortgage allows you to borrow against the equity you’ve established in your home. To be eligible, you must be age 62 or older and have enough equity…