Buy Your Dream Home with NO Monthly Mortgage Payments
For those of you age 62 and better there is a program you can use to purchase your next Dream home called the Home Equity Conversion Mortgage for Purchase. The HECM for Purchase program began in 2009 as a way to use a reverse mortgage to purchase a new home. It can be used to either downsize or upsize a retirement home.
If you dream about a new home with modern design, amenities, and low maintenance, then you owe it to yourself to learn more about this powerful alternative to using traditional financing or paying cash to purchase your next home.Imagine moving into a new neighborhood close to friends and family, with walking paths, a clubhouse and neighbors just like you… and doing all of this while retaining a large portion of your life savings.
The Home Equity Conversion Mortgage for Purchase loan program can potentially double your purchasing power and significantly reduce your out of pocket expenses as compared to paying cash or securing traditional financing. In essence, you can purchase a $600,000 home for about $312,388 and never have a monthly mortgage payment!*
This program comes at a time when a lot of Boomers are trying to protect their nest egg and boost monthly income. If you’ve been secretly wanting to move into a new home that better meets your lifestyle plan, then your time has finally arrived.
A HECM for purchase can Help you
- Double your purchasing power to buy a new home
- Let you stay at your home long-term
- Either downsize or up-size a retirement home.
For those downsizing, the HECM for Purchase could free up more assets from the sale of the previous home to be used for other purposes. For those upsizing with the financial resources to manage this sustainably and responsibly, the HECM for Purchase could allow for a more expensive home—especially considering the possibility that obtaining a traditional mortgage may become increasingly difficult after retirement.
To Learn more about this amazing Home Equity Conversion Mortgage for Purchase Program please give us a call or send us a message. We’ll be delighted to answer all your questions