Are you retired and thinking about moving to a new location? This is common, as 64% of retirees expect to move at least once during retirement.
Whether you want to relocate to a warmer state or move across your city to be near your grandchildren, there’s a home loan that could help make this happen: HECM for Purchase (H4P).
H4P allows seniors aged 62 and older to purchase a home with approximately 50% down. Following your down payment and loan, you’ll have no monthly mortgage payments as long as you live in the home.*
H4P allows seniors to buy homes that better fit their needs
In addition to helping retirees move to a different location, H4P could offer other advantages. These include:
H4P eligibility requirements
To be eligible for this exciting loan program:
Contact Open Mortgage to learn more about H4P
Regardless of the reason you want to move, H4P could help make it happen.
If you have questions about whether H4P could be ideal for your situation, contact one of Open Mortgage’s friendly loan originators today!
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