ActiveRain University

Serving the Boomer Market: Guidance for Meeting 62+ Buyers’ Needs with HECM for Purchase

Homebuyers 62+ don’t have to choose between paying all-cash for a new house or taking on monthly mortgage payments to finance the purchase of their next home. With the Home Equity Conversion Mortgage for Purchase, also known as HECM for Purchase, seniors can buy a new principal residence using loan proceeds from a federally-insured reverse mortgage, without taking on a required monthly principal or interest payment. HECM for Purchase gives buyers more flexibility to downsize, upsize, or right-size into a home that makes the most sense for the next stage of their lives.

This Active Rain University webinar features real estate and home financing experts from both coasts who will introduce you to the value of HECM for Purchase and walk you through scenarios when this financial option may make sense for your retired and nearly-retired buyers. A builder’s representative will also discuss opportunities for using HECM for Purchase with buyers who want to build a new home in an active adult community. In this webinar, real estate and home financing pros will:

• Explain the value of a financing tool that gives Boomers 62+ more options when it comes to buying the right home for the next stage of their lives

• Discuss opportunities for real estate agents and builders to work together to meet Boomer buyers’ needs

• Outline 6 real-life scenarios when it makes sense for Boomer buyers, and sellers, to consider HECM for Purchase • Provide an overview of how HECM for Purchase works and resources for learning more about it

• Answer your questions live during the Q&A

Moderator: Bob Stewart ActiveRain


Scott Degnan Realtor® MyHomeGroup, San Diego, CA

Scott Owens General Manager Lake Ashton Development Group, Winter Haven, FL

Chris Bruser Certified Reverse Mortgage Professional Retirement Funding Solutions Tampa, FL

Christina Harmes Certified Reverse Mortgage Professional C2 Financial San Diego, CA


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