A recent article in Kiplinger supports the HECM for Purchase program (aka Reverse Mortgage Purchase program) as a way for senior homeowners to buy a new home without having a mortgage payment during retirement. The article provides real life examples of couples who used the HECM for Purchase program to qualify for a more desirable home. Many seniors are looking to either downsize to a smaller home or upsize to a nicer home. In some cases, some are wanting to move to warmer climate areas or to be closer to their families. This program can provide many seniors the ability to make a move that they never imagined they could. Read the entire article here.
And find out more about reverse mortgages here.
No comments:
Post a Comment