Talk of The Villages Florida - View Single Post - Reverse Mortgage for Purchase
View Single Post
 
Old 05-13-2011, 11:41 AM
wendyquat's Avatar
wendyquat wendyquat is offline
Platinum member
Join Date: Mar 2010
Posts: 1,580
Thanks: 2
Thanked 6 Times in 5 Posts
Default Reverse Mortgage for Purchase

Just wondering if anyone has obtained a HECM reverse mortgage which is used to purchase a home rather than the traditional reverse mortgage where you tap the equity in your home. Wish I didn't have to consider any type of mortgage but might be necessary for us. I realize not all mortgage companies originate the HECMs. Thanks for you info. I can always count on good answers from you guys! Thanks