Champion Mortgage is a division of Nationstar Mortgage LLC and offers multiple solutions to meet the reverse mortgage needs of our customers. 22 YEARS OF EXCELLENCE Headquartered just outside Dallas, Texas, Nationstar is one of the nation’s leading mortgage servicers.
· But there’s also another way to downsize: by using a reverse mortgage. The Home Equity Conversion Mortgage (HECM) for Purchase loan is a specific type of reverse mortgage that allows you to purchase a new home and get a reverse mortgage in a single transaction. Why include the reverse mortgage?
As housing counselors struggle to keep up with demand ahead of the new reverse mortgage rule. the Sugar Land, Texas-based Money Management International handles 350 intake sessions, for an average.
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It’s possible with a Home Equity Conversion Mortgage (HECM), a solution more Real Estate Professionals and their clients are discovering every day. The concept is simple. Your clients contribute a portion (e.g. 60%) of the new home purchase price using proceeds from the sale of their previous home or other financial resources, like savings.
A reverse mortgage, the most popular form being the “Home Equity Conversion Mortgage” (HECM), is a mortgage that allows seniors (aged 62 years and above) to access and borrow against the equity in their home without having to sell it, give up the title, or incur a monthly mortgage payment.
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With a HECM, also known as a reverse mortgage, you can convert some of the equity in your home into cash to meet financial goals, such as supplementing retirement income, buying a new home, maintaining a quality lifestyle, or preparing for a more secure and rewarding financial future.
The three-day summit. improve the HECM program, strengthen the insurance fund, and fulfill its mission of helping aging Americans remain in their homes,” said Bell. “Our annual meeting will be an.