Reverse Mortgage purchase loan

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Are You Ready To Buy A Home?

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A reverse mortgage purchase loan, also known as a Home Equity Conversion Mortgage for Purchase (HECM for Purchase), offers a unique route to home buying for homeowners aged 62 and older. These loans allow you to tap into your home's equity to fund the purchase of a new home without monthly mortgage payments. However, property taxes, insurance, and maintenance costs must still be met. The amount you can borrow depends on several factors, including your age, the home's value, and current interest rates. While the loan comes due when the last surviving borrower moves out, sells the home, or passes away, it offers seniors an opportunity to upgrade, downsize, or move closer to family without the burden of traditional mortgage payments. Discover the potential of a reverse mortgage purchase loan today, and redefine your golden years.

Begin the home buying journey on the right foot by securing a clear mortgage plan. Having a solid financial strategy in place will ensure that your home search is guided by practical considerations, rather than emotions alone.

In which state are you looking to purchase a property?

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What type of property are you interested in purchasing?

Are you a first-time home buyer?

What will be the intended use of the property?

What is your estimated credit score?

What is your gross annual income?

Are you eligible for VA benefits?

What is your full name?

What is your email address?

What is your cell phone?

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Getting pre-approved for a home loan is the crucial first step in your home buying journey. Here's why:

  • Know your budget - Pre-approval gives you an idea of what you can afford, allowing you to make informed decisions when shopping for a home.

  • Be a competitive buyer - Having a pre-approval letter shows sellers that you're a serious and committed buyer, making you stand out in a crowded market.

  • Streamline the process - The pre-approval process helps you identify any potential roadblocks early on, allowing you to address them before you find the home of your dreams.

  • Negotiate with confidence - Knowing that you have financing secured gives you the confidence to negotiate the best terms and price for your new home.

HomeQuest Mortgage

NMLS# 168962

Contact Us

1116 E Greenway St Suite 101

Mesa, AZ 85203

HomeQuest Mortgage is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other Federal regulations. All applicants applying for credit from HomeQuest Mortgage will never be discouraged on on the basis of race, color, religion, national origin, sex, military status ,marital status, age, or because you get public assistance. All information we request is voluntary, and will be kept confidential. For more information on the ECOA, please visit:

http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm

© Copyright 2024 | HomeQuest Mortgage | All rights reserved.

© Copyright 2024 | HomeQuest Mortgage | All rights reserved.