Over 62? Purchase A Home With A Reverse Mortgage | HECM for purchase

Did you know that you can purchase a home with a reverse mortgage? Imagine buying a home with no mortgage! In this video, I explain how it is possible to use the equity of a home to make your monthly mortgage payments.

Whether you are buying a home for the first time or have decided to change your lifestyle, a Reverse mortgage explained properly, just might be the answer you are looking for. For home buyers over 62 years old a HECM for purchase is an option where the buyer with an ample down payment (the down payment percentage depends on the buyers age) would not have any monthly payments, though they would still be required to pay homeowners insurance, property taxes and basic upkeep on the home.

People ask How do reverse mortgages work? Are reverse mortgages worth it? What is a HECM?  A senior citizen mortgage can be drastically different than the myths regarding HECM loans. Learn the reverse mortgage basics and all about a reverse mortgage loan. 

This video will give you a few basics, but Chris The Mortgage Pro would be happy to explain the reverse mortgage purchase in detail so that you can make the best decision for yourself.

The difference is, instead of the buyer paying interest from their pocket, they pay it from their equity.  The balance will go up. The homebuyer always has the option of making a mortgage payment to lower the balance if they choose to.

A reverse mortgage loan explained properly will eliminate the mortgage myths as there are many stories and inaccurate statements regarding reverse mortgages.

Call Chris Trapani and let him evaluate your individual circumstance.  7 days a week! 310-350-2546
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#FireYourLandlord #reversemortgage #hecm

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Go To http://www.FireYourLandlord.info to Learn more and for more videos
It only takes 5-10 mins to get your process started.




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Want to buy a home in Rancho Cucamonga, Inland Empire, San Bernardino, Riverside, LA County and Orange County? Know that you’re getting the best deal and not making the rookie mistakes when it comes to buying a home. Call the pro.

Chris Trapani "The Mortgage Pro"
NMLS# 240870
Cell: 310-350-2546

Commerce Home Mortgage
8311 Haven Ave, Suite 210
Rancho Cucamonga, CA 91730
Location: 8311 Haven Ave #210, Rancho Cucamonga, CA 91730, USA

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