Are you a "BABY BOOMER?" Then why aren't you considering buying a home using a Reverse Mortgage/HECM loan? HECM means Home Equity Conversion Mortgage or for short you can refer to it as the HP4 Program. If you or your spouse are 62 years or older you should definitely look into this program because it can increase your buying power which means you can purchase the home you REALLY want WITHOUT depleting your nest egg.

52 million Boomers surveyed are not living in a home that meets their lifestyle plan.  The two reasons are: "I don't have enough cash to afford a new home", and "I can't qualify for a traditional mortgage." There are a lot of myths out there about the HP4 Program that are probably scaring you off. Not everything you read on the internet is true.  You need to talk to a professional that knows ALL there is to know about this type of loan and then make an educated decision on whether this type of loan is right for you.  

Do you know that qualifying for a reverse mortgage has less credit, employment, income and net worth requirements? Did you know there is no term on the loan. It is an open ended loan and does not expire until the youngest borrower's 150th birthday? The homeowner will never be required to make a monthly mortgage payment as long as they reside in the home. The loan can be paid down or in full with no pre-payment penalty.  And probably the most important detail for you to know is that this is a NON-RECOURSE loan. Regardless of the future payoff of the loan, the homeowner or their heirs cannot be held liable for any loan balance beyond the value of the home at the time the loan is being repaid; however, any profits from the future sale belong to the homeowner or their heirs.

So what are you waiting for... call or email me TODAY and I can put you in touch with the lender that can answer all your questions and get you pre-qualified for a loan and then lets get out there a find you a new home that you will enjoy retirement in.