Financial Professional

Real Estate Agent

“How can I grow my business in the future?”

HECMs Work for Realtors

Real Estate Agents across the country are finding that a reverse mortgage may be an option for potential senior-home buyers who want to move or need to move but cannot qualify for a new mortgage or want to take on a new payment.  The Home Equity Conversion Mortgage for Home Purchase (HECM) may be the answer, not just for your clients, but also for you, when you ask yourself the question: “How can I grow my business in the future?” 

The Home Equity Conversion Mortgage (HECM) for Home Purchase has opened up new opportunities not only for Senior Home Owners, but also for Real Estate Agents.  Agents now have a reason to market to the fastest and largest growing demographic in the country.  It is estimated that over 10,000 people a day in America are turning 62 years of age.  The first wave of the Baby Boomer Generation is now receiving Social Security Income. 

Many of todays seniors are living in homes that no longer fit their life style. Many of the homes are multi-level, with the bedrooms upstairs, the kitchen on the main level and the laundry facilities down in the basement.   In some cases the yard is too big in the summer to take care of, the drive way is too big in the winter to shovel.  Many seniors today are living in homes that are too far from family & friends. 

What they want is a new home, but what they don’t need is a new monthly mortgage payment in this latter stage of their life. 

 

See Why - Referrals.

Referrals are a huge part of the Realtors marketing arsenal. HECMs get you more referrals faster because of their unique, niche market penetration.

If you would like see additional videos we've prepared especially for Realtors, please visit this page:


Check out our FREE brochure that Realtors can use to explain HECMs to their clients. It makes everybody's life easier.

 

For more information or call 877-217-0166

 


Home Equity Conversion Mortgage (HECM) for Home Purchase

COULD YOU SELL MORE REAL ESTATE IF YOU HAD FINANCING THAT . . . .

  1. Does not require monthly payments toward principal and interest?
  2. Has minimal income or credit requirements?
  3. Has many consumer safeguards and is FHA-Insured and HUD regulated?

Home Equity Conversion Mortgage for Home Purchase
Did you know senior borrowers age 62 and older can use a Home Equity Conversion Mortgage (HECM) to purchase a home? Many senior borrowers have heard about the benefits of paying off an existing mortgage utilizing a reverse mortgage. However, many are still unaware that they can also purchase a new home by combining a reverse mortgage with a down payment. This enables senior borrowers to purchase a new home without having to worry about making monthly mortgage payments (borrowers must remain current on property taxes, homeowner’s insurance and HOA dues).
Purchasing a home with a reverse mortgage is very similar to purchasing a home with a conventional mortgage. Call today to learn more about how reverse mortgages can help you increase your sales and help your customers increase their purchase power!
 
Home Equity Conversion Mortgage (HECM) for Home Purchase

Articles

Bankrate Article: New FHA reverse mortgage boon to seniors.  A new Federal Housing Administration, or FHA, reverse mortgage program can help senior homeowners relocate or downsize to a new home without giving up all their savings -- and save them thousands of dollars in the process.  Read more

Reverse Mortgage Can Be a Golden Opportunity. Posted by Jonathan Peterson, Los Angeles Times.  Lenders and seniors warm up to that type of loan, though it’s not for everyone.  Like millions of Americans, Bill and Helen Bluett’s greatest financial asset is their home, a Spanish-style dwelling just a quarter of a mile from the ocean in San Clemente.  Selling the place and buying a cheaper one elsewhere could have brought the couple hundreds of thousands of dollars in extra money for their retirement years. But there was one problem with that idea.  Read more