purchase: Reverse Purchase? I never heard of such a thing! - 04/10/12 12:29 PM
Last week a Senior buyer I had pre-qualified for a new home purchase was out looking in a new home development.  When he explained to the site agent at the 55+ FHA approved community that he was going to finance the new house with an FHA insured (HECM) Reverse for Purchase she replied "I never heard of such a thing."  She went on to tell him that they didn't offer that program and that he would need to be qualified by her loan officer for a regular loan.  A few minutes later at the buyers insistence, she called me and I … (6 comments)

 
Neil Sweren, HECM Reverse Purchase Specialist (Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org))

Neil Sweren

HECM Reverse Purchase Specialist

Owings Mills, MD

More about me…

Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org)

Address: 11403 Cronridge Drive, Suite 232, Owings Mills, MD, 21117

Office: (443) 738-9121

Mobile: (410) 977-8870

Learn the ins and outs of reverse mortgage financing from a seasoned expert with thousands of closed transactions.


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