Inside the Reasons Why Seniors Choose the HECM for Purchase Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move […]
HECM for Purchase
New Rules Improve the HECM for Purchase, But Challenges Remain New Rules Improve the HECM for Purchase, But Challenges Remain. Recent changes to the reverse mortgage program that reduced lending limits and amended ongoing insurance premiums have many originators expecting a slump in business. But some say the Home Equity Conversion Mortgage for Purchase is […]
