• Reverse Mortgage Consumer Resource Center
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    Reverse Mortgage Purchase: Why Buy a New Home?

    The HECM for Purchase is a reverse mortgage product that was introduced in 2009, that would allow seniors the opportunity to purchase a new home and obtain a reverse mortgage loan in one transaction. HECM…

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    Texas Votes for Reverse Mortgage Purchase

    On November 5, 2013, Texas voted for Proposition 5 which allows the constitution to change to allow all Federal Housing Administration to be available to in Texas under the state’s rule, including the reverse mortgage purchase product….

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