Turning 62 is not what it used to be. Now it means new activities, new opportunities and even new homes. One out of four homebuyers are age 60 and older. Some of these buyers downsize, but 30% of these purchasers actually move into a larger home. A HECM for purchase enables the borrower to obtain the property with no required monthly loan payments while living in the home.
Jeff Forrester, RMLO #248648