Items Tagged with 'REVERSE FOR PURCHASE'


  • TowneBank's reverse team focuses on HECM for Purchase business

    Leverages bank’s partnerships with real estate agencies
    Sitting comfortably in the top third of the Top 100 HECM Lenders list, Virginia-based TowneBank has been operating a reverse channel for more than a decade. Chip Glover, EVP and director of capital markets who heads the reverse channel, tell us part of its strategy to capture volume in the current climate is to focus on the HECM for Purchase product. “We think it affords us the best chance to be profitable in the HECM space,” he said.
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  • Who uses a reverse mortgage to purchase a house?

    No one, really, even though it could be a retirement gamechanger
    A little-known reverse mortgage product lets older homebuyers use their equity to purchase a house. It could help older adults free up cash at a time in life when liquidity is especially important. Too bad no one's really heard of it.
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