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Guidance for Meeting Boomer Buyers’ Needs with HECM for Purchase
NRMLA is partnered with the online real estate community ActiveRain to host a free webinar about HECM for Purchase and the value it brings to older homebuyers.
Speakers: Chris Bruser, CRMP, Christina Harmes, CRMP, Scott Degnan, Realtor, Scott Owens, Vice President
Homebuyers 62+ don’t have to choose between paying all-cash for a new house or taking on monthly mortgage payments to finance the purchase of their next home. With the Home Equity Conversion Mortgage for Purchase, also known as HECM for Purchase, seniors can buy a new principal residence using loan proceeds from a federally-insured reverse mortgage, without taking on a required monthly principal or interest payment. HECM for Purchase gives buyers more flexibility to downsize, upsize, or right-size into a home that makes the most sense for the next stage of their lives.
NRMLA is sponsoring this Active Rain University webinar featuring real estate and home financing experts from both coasts who will introduce you to the value of HECM for Purchase and walk you through scenarios when this financial option may make sense for your retired and nearly-retired buyers. A builder’s representative will also discuss opportunities for using HECM for Purchase with buyers who want to build a new home in an active adult community.
Scott Degnan, Realtor®
MyHomeGroup, San Diego, CA
Scott Owens, General Manager
Lake Ashton Development Group, Winter Haven, FL
Chris Bruser, Certified Reverse Mortgage Professional
Retirement Funding Solutions, Tampa, FL
Christina Harmes, Certified Reverse Mortgage Professional
C2 Financial, San Diego, CA