The HECM for Purchase (H4P) is a solution that allows you to accomplish two goals in just one transaction: To attain a more fitting primary residence and to obtain a reverse mortgage. This can save you money since you incur only a single set of closing costs. A H4P can make is easier and more affordable to buy a home that better fits your life, without having to take on monthly mortgage payments and with less money out-of-pocket.
SOME INFORMATIVE NEWS ARTICLES FOR BUYERS:
NBC NEWS: COULD GETTING A REVERSE MORTGAGE HELP YOU SAVE MONEY?