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Michael Manfredi is a reverse mortgage specialist with 10 years experience in reverse mortgage lending and 20 years experience in financial services. Michael Manfredi has worked for some of the largest firms on Wall Street as a financial advisor and currently resides in Arizona with his wife and two children.
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http://www.reversemortgageconcepts.com/
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Reverse Mortgages have been used for home purchase for many years, however, the federally insured version, HECM, has recently become available for financing a home purchase as well. The advantages of the HECM loan are substantial, like low interest rates and FHA insurance but there are the usual drawbacks, like mortgage insurance fees and HUD [...]
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