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re: Anybody have experience with the new HECM mortgages?

Posted on 2/20/24 at 10:13 pm to
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28877 posts
Posted on 2/20/24 at 10:13 pm to
quote:

Anybody have experience with the new HECM mortgages?


HECMs are not new and can be used to purchase a home. The buyers will have to to approved for the HECM. it's no different than getting approved for a conditional loan.
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