Is it possible to buy a home with a Reverse Mortgage?
Updated Oct. 9, 2013
Yes, it is!. In Idaho, we have had the ability to provide the Reverse Mortgage Purchase Program, aka HECM for Purchase, for almost 2 years.. The Reverse Mortgage for Purchase Program is similar to the traditional Reverse Mortgage in that:Its for borrowers 62 and up. There are no monthly payments as long as you live in...