Reverse purchase financing: The financing option no one is talking about
Housing Wire
JANUARY 17, 2024
The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). With this option, older homebuyers can increase their purchasing power with fewer financial worries and limitations as they move towards or through retirement. Yet staggeringly few are aware of its existence.
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