for Seniors a reverse mortgage for purchase is a truly dynamic tool, which in many cases may be the only way to qualify for the home they want, not what they may have to settle for, and still have no required payments. remember they may always make payments, if and when they so choose to limit the balance growth, but they don't have to. my favorites; HECM this would be the FHA, insured reverse mortgage, with no required monthly payments. As such there are no income considerations for the mortgage, and (0 comments)