Half or Less Down and No Payments!

  • June 2, 2017

The Washington Post joins the rapidly growing number of mainstream publications paying attention to the HECM for Purchase, or H4P.  This article does a good job of describing the product in general.  One comment:  The article mentions the minimum age for eligibility is 62 and that a younger spouse cannot be on the title.  That’s technically true but you should also know that recent changes from Congress and HUD protect that younger spouse from having to exit the home if the older spouse dies or leaves the home for a care facility.  His or her ownership is established.  There are many nuances to learn about!  But get a good look at the concept here.