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Can I use a reverse mortgage loan to buy a home?

  • Listed: August 12, 2022 3:03 pm
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Can I use a reverse mortgage loan to buy a home?

Yes. There is a “Home Equity Conversion Mortgage (HECM) for Purchase” loan that allows people 62 and older to purchase a new principal residence with HECM loan proceeds.

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Listing ID: 75362f66b9663b6b

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