Reverse Mortgage for Home Purchase
March 11th, 2010 | by Michael Manfredi | published in Home Purchase, Michael A. Manfredi, Mortgage Products, Reverse Mortgage
Image by Fevi in Cayman via Flickr
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, [...]