The answer is yes, a HECM reverse mortgages can be a great idea for the right borrower. And the HECM can be used to purchase and or refinance property.
The HECM or Home Equity Conversion Mortgage is FHA’s reverse mortgage program. The program enables borrowers to withdraw some of the equity in their home. […]
The answer is yes, there most certainly are!
There are actually a number of different options available for borrowers who have as little as just 10-15% down. These options can vary depending on the how much the borrower is looking to finance.
For borrowers looking to finance $1MM or less, a down payment of […]
When buying a new home with a low 3-10% down payment there are far better ways than FHA.
The common misconception among consumers and real estate professionals is that when purchasing a new home with a low down payment FHA is the only option. But that just isn’t the case. There is no doubt […]