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 Purc...