Reverse Mortgage For Purchase Loan H4P

The Financing You Need to Buy the Home You Really Want in Retirement.

If you are 62 or older, you may be thinking about buying a new home that better meets your needs in retirement. Maybe you have your sights set on a home that’s closer to your children, or one that will better accommodate your needs as you age, or one that is breathtakingly beautiful and near the ocean.
You may also be thinking that you cannot afford to buy such a home, or that you don’t want to drain your nest egg to be able to afford it. Before you decide, consider the flexible financing option called Home Equity Conversion Mortgage (HECM) for Purchase loan (H4P)—which offers some distinct advantages over a traditional mortgage or paying all cash.