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Home Equity Conversion Mortgage
HECM for Purchase is the type of reverse mortgage that allows seniors to purchase a home using the proceeds from a HECM loan. This type of loan is part of the HECM program. Therefore, a HECM for Purchase loan is insured by the FHA and offers non-recourse protections.
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Recent Articles
When Is the Best Time to Get a Home Equity Conversion Mortgage?
You've built all this equity in your home over the years, but when is the right time to access it? If you're in the golden years of your...
How to Access the Equity in Your Home
Did you know that it is possible for older adults who have reverse mortgages to use their home equity in order to fund their retirement?...
