• Nichole Fox

Trading up: HECM reverse mortgage for purchase


(Not the actual client.)

I used to own a small, manufactured home in a park in Northern California. It was small, but it was paid for and I didn't have to worry about a mortgage payment. One day, I visited a local retirement community and fell in love with my dream home. It's a beautiful, gated lifestyle community for seniors with golf, tennis, and plenty of recreational activities! I suddenly felt like I was missing out on so much. I really wanted to move there, but I knew that taking on a mortgage payment would be too risky for me for the long term.



Then, I found out about the HECM reverse mortgage for purchase program. I could sell my home and use the proceeds to purchase a brand new home in this gorgeous neighborhood. My children were all supportive. They never even wanted to visit me at my old place. I know they didn't care if I left it to them in my will. Now, I can't keep them away. They say it's like a resort here, and it really is!


Take a look at my new (to me) home, in Trilogy. I am enjoying my new lifestyle immensely, without seeing much of an increase in my living expenses. Getting a HECM reverse mortgage for purchase was the best decision I ever made!


Actual home purchased with a Reverse Mortgage

(888) 659-0033

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*Product offered is a loan and lender will place a lien on subject property. Borrower is responsible for paying property taxes, homeowner's insurance and home maintenance. Loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and to comply with loan terms. Loan Officers' primary objective is to provide a loan to the consumer. Individuals portrayed in photography are not actual borrowers.