Are you a senior looking to purchase a new home but worried about draining your savings? With a Home Equity Conversion Mortgage (HECM) for purchase, you can now buy the house you've always wanted without breaking the bank. This innovative financing option allows seniors aged 62 and older to use the equity in their current home to fund the purchase of a new one.
By taking advantage of a HECM for purchase, you can preserve your cash and afford the home you desire. This unique program allows you to buy a new home with a single down payment, eliminating the need for monthly mortgage payments. Plus, you can choose from a variety of property types, including single-family homes, condos, and townhouses.
Don't let financial concerns hold you back from owning the home of your dreams. Contact us at 516 900 1500 to learn more about how a reverse mortgage can help you purchase a new home.