Items Tagged with 'REVERSE FOR PURCHASE'

ARTICLES

  • The 55+ housing market is booming

    Builder confidence in this sector reaches record high
    The 55+ housing market is thriving right now as more Baby Boomers look to invest in a new nest to live out their retirement dreams. With scores of older adults looking at new single- and multifamily builds, homebuilder confidence in this market has soared to a record high. But affordability concerns loom, leaving some mortgage professionals to point to a financing option designed specifically for this market.
    Read More
  • 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.
    Read More
  • 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.
    Read More