19751 Mainstreet Parker, CO 80138

720-541-5545 - Colorado
928-277-4476 - Arizona

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HECM for Purchase

March 17, 2022

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Use a Reverse Mortgage to Buy a New Home

A HECM for Purchase is a transaction where a Reverse Mortgage is used to finance the purchase of a Primary Residence for borrowers who are at least 62 years of age and want to purchase without having to make a monthly mortgage (Principal & Interest) payment. They can get a home they truly desire instead of just a house their available cash can purchase.

Call us today at 720.541.5545 to learn how to get your dream home with a Reverse Mortgage.

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19751 Mainstreet
Suite R10
Parker, CO 80138

Arizona Branch
2675 W SR89A #1158
Sedona, Az 86336

720-541-5545 - Colorado

928-277-4476 - Arizona

LICENSING

Company NMLS ID: 2268418
Mortgage Loan Originator NMLS ID: 2216012

Equal Housing Opportunity

If you qualify and your loan is approved, a HECM loan must pay off your existing mortgage(s). With a HECM, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible nonborrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A HECM increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.