Webinar Description Homebuyers 62+ don’t have to choose between paying all-cash for a new house or taking on monthly mortgage payments to finance the purchase of their next home. With the Home Equity Conversion Mortgage for Purchase, also known as HECM for Purchase, seniors can buy a new principal residence using loan proceeds from a federally-insured reverse mortgage, without taking on a required monthly principal or interest payment. HECM for Purchase gives buyers (1 comments)