Reverse mortgages are loans that allow seniors to use the equity in their property to stay in their homes. There is a lot of misinformation about the pros and cons of these. It’s important to understand how a reverse mortgage works and if it fits your needs before you decide to get one.
Buy a Home with a Reverse Mortgage: Down Payment, pros, Cons

You can buy a house with a reverse mortgage. A HECM for purchase allows seniors with high home equity but low income to move into new homes that better suit their needs.
Learn the pros and cons of using this loan to purchase a new house.