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| reverse loans News+ XML/RSSBy TIm Robbins,Sr. Reverse Mortgage Specialist The FHA is rolling out a program under the Reverse Mortgage program for Seniors exclusively that will allow them to purchase Homes. The program as most people know it is a Home Equity Conversion Mortgage, but now it is also a home purchase program. By TIm Robbins,Sr. Reverse Mortgage Specialist Not since WWII has there been a program introduced to the market place that has capture the essence of the help that is needed for a specific group of citizens.. Over the years the senior has been ignored or made to feel less then a viable person. By Tim Robbins, Sr. Seniors will soon be able to purchase a home without having any mortgage payments for the rest of their lives. The new program uses the Reverse Mortgage as a purchase mortgage for seniors over the age of 62. | ||||||||||||||||||||||
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