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  • Reverse mortgages can be used for home purchase

    As of January 1st 2009, HUD began allowing a reverse mortgage to be used as a means to purchase a home. Qualifications for this option were comparable to typical reverse mortgage options (buyer must be the primary resident, over the age of 62, etc.) but there are some differences. For clients that are utilizing a portion of their equity from ...
    Posted to Sun City Texas Blog (Weblog) by 422944 on February 13, 2009
  • Reverse mortgages can be used for home purchase

    As of January 1st 2009, HUD began allowing a reverse mortgage to be used as a means to purchase a home. Qualifications for this option were comparable to typical reverse mortgage options (buyer must be the primary resident, over the age of 62, etc.) but there are some differences. For clients that are utilizing a portion of their equity from ...
    Posted to Austin Texas Real Estate Information (Weblog) by 422944 on February 13, 2009