Buying Your Dream Home In Retirement
Are you aged 62 or older and want to buy your forever home? If so listen up! The Home Equity Conversion Mortgage for Purchase or HECM for Purchase Program for short may be a great option.
What is the HECM for Purchase Program? The HECM for Purchase Program allows people aged 62 or older to use the equity in their current home to purchase the dream retirement home. The HECM loan does not require mortgage repayment until the borrow permanently leaves the home.
The video above describes the program in more detail. If you would like to learn more about this program for yourself or someone you know reach today and we can connect you with a trusted loan partner!