An excellent Kiplinger article!
Most folks don’t realize that the HECM Reverse Mortgage program can be used to BUY a home. Check out this Kiplinger story.
(A note to Realtors and Builders… Meet with a trained RM professional (or better, a CRMP) to learn more about Reverse for Purchase (R4P). The Purchase Contracts need to be drawn up differently than what you are accustomed to. Give us a call and we’ll schedule a training for you and your staff. – Mace K.)