What to know about HECM for Purchase

Aging in Style
main bkg

Susan Pomfret, Senior VP of the HECM Lending Division at Cross Country Mortgage, LLC shares information on HECM for Purchase. A Home Equity Conversion Mortgage (HECM) for Purchase allows those 62 and older to purchase a primary residence, there is also a Reverse Mortgage for Purchase product for those 60 and older.

Borrowers are realizing the benefits of using a HECM for Purchase and how they can improve their retirement and live a more financially stress-free retirement.

Disclaimers: All loans subject to underwriting approval. Certain restrictions apply. Call for details. NMLS3029 (www.nmlsconsumeraccess.org) Rhode Island Licensed Lender. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To obtain a HECM, you must attend HUD Approved Counseling available at little to no cost and receive a certificate of completion that will be required during the application process. You will be responsible for property taxes and homeowner’s insurance and upkeep of the property.

Rhode Show Content Disclaimer: The information, advice and answers displayed in The Rhode Show section of WPRI.com are those of individual sponsors and guests and not WPRI-TV/Nexstar Media Group, Inc. WPRI.com presents this content on behalf of each participating Rhode Show sponsor. Sponsored content is copyrighted to its respective sponsor unless otherwise indicated.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download Mobile Apps from WPRI 12
DOWNLOAD APPS NOW: Apple App Store | Google Play Store

Twitter Widget: Rhode Show

The Rhode Show celebrated Ten Years on TV in 2019

Don't Miss

Viewer Pa on WPRI.com


More Live Cams