Real Estate Purchase Market Expected to Receive a Boom

According to the latest research from The Demand Institute, baby boomers are expected to upsize their living spaces and take out new mortgages to do so.  The expectation is that they will spend $1.9 Trillion on home purchases over the next 5 years.  Historically, senior homeowners prefer to pay cash on their home purchases to avoid the burden of a mortgage payment during their retirement years. However, their cash can be put to better use by utilizing a HECM for Purchase as a retirement planning tool. The HECM Purchase program (aka Reverse Mortgage Purchase) can help a senior homeowner retain more of their cash assets without requiring a monthly payment in return.  The program will  finance over fifty percent of the purchase price (in most cases) which will strengthen a seniors cash position and give them greater financial flexibility and security.

We are a leading lender in the Reverse Mortgage Industry, and we are licensed nationwide to offer the HECM for Purchase program and other Reverse Mortgage options.  Let us help you understand how the program works and how it can add value to senior homeowners, Realtors and other professionals.

For more information on reverse mortgages and other related topics contact:

Rick R. Rodriguez
Certified Reverse Mortgage Professional, CRMP
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222