Reverse Mortgage Purchase Program

By Robert E Jones Purchase your next home with no monthly mortgage payments! The Federal Housing Administration will now allow seniors to use the revolutionary Reverse Mortgage program to purchase real estate. New enhancements to the government program allow seniors to purchase a home with no monthly payments. Why not move into your next home [...]

Posted Under: Reverse Mortgage
This post was written by John Andrew on February 10, 2009 Comments (0)

Purchase a Home With a Reverse Mortgage

Joseph Cina and Phil Goss The Housing and Economic Recovery Act of 2008 (HERA) provides home buyers, age 62 and above, with the opportunity to purchase a new principal residence with the proceeds from the FHA-insured Home Equity Conversion Mortgage (HECM). The program was designed to allow seniors to purchase a new principal residence and [...]

Posted Under: Reverse Mortgage
This post was written by John Andrew on January 26, 2009 Comments (0)