Reverse Mortgage for Home Purchase

Michael Manfredi — Thu, 11 Mar 2010 20:55:13 +0000

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 [...]

Reverse Mortgage Concepts » Down payment

Reverse Mortgage for Home Purchase