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002: Using the HECM to buy a home!
Imagine this...
You want to pay "all cash" for your next home, but realize that you are $100K short of having your dream home. Did you know that if you are putting more than half down, that a HECM might be able to cover the difference AND WITHOUT A REQUIRED MONTHLY PAYMENT.
As long as it is your primary residence and you are 62 years or older, then you are a prime candidate for this Federal Housing Administration program.
Or imagine this...
You have $600K to pay all cash for your next home, but you learned about the HECM & now want to keep $200K of that money in the bank (or invested). That is a great possibility if you are 62 years or older and the home will be your primary residence.
Have a different scenario or dream that you would like reviewed?
Call, text or email us anytime!
Sincerely,
Mike Baltazar and Team
520-490-9608
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By Mike BaltazarImagine this...
You want to pay "all cash" for your next home, but realize that you are $100K short of having your dream home. Did you know that if you are putting more than half down, that a HECM might be able to cover the difference AND WITHOUT A REQUIRED MONTHLY PAYMENT.
As long as it is your primary residence and you are 62 years or older, then you are a prime candidate for this Federal Housing Administration program.
Or imagine this...
You have $600K to pay all cash for your next home, but you learned about the HECM & now want to keep $200K of that money in the bank (or invested). That is a great possibility if you are 62 years or older and the home will be your primary residence.
Have a different scenario or dream that you would like reviewed?
Call, text or email us anytime!
Sincerely,
Mike Baltazar and Team
520-490-9608