HECM for purchase Guidelines

The HECM (Home Equity Conversion Mortgage) for purchase loan is an innovative program which helps seniors use a one-time cash down payment to fund the purchase of their next primary residence. You’ll benefit from living in this home without the obligation of making a mortgage payment. If you expect to live in your home for several years, a Reverse Mortgage may be a great option for you and your family.

Reverse Mortgage for Purchase Benefits

You own your home and can never be forced to leave as long as you maintain your home, pay your property taxes and homeowner’s insurance. A HECM reverse mortgage is a government insured loan. The government guarantees you will never owe more than your home is worth according to the current market value no matter how long you keep your reverse mortgage.

Unique Features of a HECM for Purchase

With the proceeds from a Reverse Mortgage you could:

A HECM Reverse Mortgage will allow you to improve both the affordability of a new home and your purchasing power. Call the friendly and courteous loan consultants at VanDyk Mortgage right now. We are standing by the phone to answer your questions locally at 513.429.2122 (Cincinnati), 502.426.7840 (Louisville) or TOLL FREE at 877.357.1410

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