For older homeowners looking to buy the retirement home of their dreams, a reverse mortgage can help sweeten the deal via a Home Equity Conversion Mortgage for Purchase (H4P), according to a recent article published by The Denver Post. An H4P gives borrowers the ability to eliminate their mortgage payment, while also enhancing their buying […]
Category: HECM for Purchase
As more Baby Boomers retire and become eligible for reverse mortgages, their desires to relocate later in life present a huge market opportunity for the Home Equity Conversion Mortgage for Purchase (H4P) product. Although production has yet to takeoff, there are several ways reverse mortgage originators can position themselves to grow their H4P business. Currently, […]
