How Reverse for Purchase can help baby boomer borrowers
Housing Wire
MAY 25, 2023
If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Real estate agents, loan officers and builders can attract customers they have never captured before.
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