Presentation and HECM Changes

  • July 23, 2014

I will be at the RE/MAX Gateway office, 7521 Virginia Oaks Drive, Suite 100, Gainesville, VA 20155 (703) 754-1770, on July 31st at 11 a.m. to present an FHA purchase money program that requires no credit, income or employment standards to qualify.  And oh by the way, no mortgage payments are required.  Yes, you read it correctly!  This program is available on new construction and on resales.  RE/MAX Gateway owner Scott Macdonald graciously opens his educational meetings to all Realtors to increase the level of knowledge and professionalism throughout the industry to better serve all clients.  Please call 703-754-1770 and speak with Ronya Wade to participate or email her a t[email protected].  There is no charge for this opportunity to increase sales!  In August the program will be presented in Scott’s Arlington office.  Stay tuned.

Also of note:  HUD has made changes to the HECM program that protect a spouse under age 62 should the older spouse predecease them.  Now the younger spouse will not have to refinance or sell.  They can live in the home (payment free of course) until they die or choose to sell.  This is an important change that opens the door for many couples to enjoy the benefits of a reverse mortgage.  Call me for details at 703-475-1555.