The HECM for purchase program, created by the Housing and Economy Recovery Act of 2008, allows seniors aged 62 or older to buy a new home with HECM loan proceeds.

• Purchase existing 1 to 4 unit property
• Property must serve as principal residence
• Only HECM first and second liens against property allowed
• Transaction benefits senior because there is only one set of closing costs
• Client must use monetary investment at closing from an allowable funding source

For those affected by today's declining value market, a Reverse Mortgage allows you to offer them an alternative. If they were planning to downsize but want to wait until values increase again, a Reverse Mortgage is a better option than selling. If neglected home repairs and some cosmetic upgrades would make the home a more attractive and sellable property, a Reverse Mortgage is a better option. If they want to purchase a second home, and be payment free on their current home, a Reverse Mortgage is a better option.

Whatever their Real Estate goals and aspirations are, a Reverse Mortgage is a better option.

Reverse Ultra helps Realtors with their Reverse Mortgage resources so that they may better,