DID YOU KNOW??
- SENIOR HOMEOWNERS CAN BUY A NEW HOME AND HAVE NO MONTHLY MORTGAGE PAYMENTS!!
- Congress passed the HECM for Purchase Plan allowing Seniors to get a new home.
- Homeowners keep more of their money, and have no monthly mortgage payments.
- Seniors can sell their current home and only use a portion of the sale's proceeds as a down-payment toward a "downsized" home.
- The Revers Mortgage for Purchase picks up the difference and you;ll have no monthly mortgage payments ever!