The HECM for purchase seems to be on everyone’s mind these days. As we wait for HUD’s guidance on the program I thought I’d pass along some information that Financial Freedom issued about the HECM for ...

The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has been modified to bar ...

Yes. Known as the HECM for Purchase, this program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction. This program has been ...

Q.: I have heard that it is possible not only to refinance a home using a reverse mortgage, but also to be able to purchase a home using this program. Can you explain how the program works? A.: A ...