Page 2 - B2BAAG14_Builders Presentation
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How many closings are you
missing today?
How many closings are you missing… by not incorporating Home
Equity Conversion Mortgage (HECM) for Purchase (H4P) loans into
your business model? Here are just a few scenarios where the H4P
can be the solution.
1. Buyers procrastinating to buy a new primary residence because they are not ready to
sell their current free and clear property.
3 Buyers can use a HECM for Purchase loan on a new primary residence and lock in today’s prices without
monthly mortgage payments*, giving them time to decide on keeping or selling their secondary
property.
2. How many potential buyers have toured your properties and didn’t buy, but you
found out that they bought from an inferior/competing community due to price?
3 Turn that once dead lead into a sale by bridging the financial gap using the HECM for Purchase loan and
close them on the home they love. They get to keep their cash in the bank and live more comfortably
without a monthly mortgage payment.*
3. Have a home to sell?
3 By using a HECM for Purchase loan towards a new primary home purchase, borrowers won’t have the
stress of a monthly mortgage payment while selling their previous home. Plus, real estate agents create
two sales for double the commission!
4. Buyers think they have to move away from their hometown due to rising cost.
3 Buyers can stay in their hometown, near family, and purchase a new, upgraded home by using proceeds
from selling their existing home, and a HECM for Purchase loan for the difference, all without a monthly
mortgage payment.*
*If the borrower qualifies and the loan is approved, a reverse mortgage must pay off existing mortgage(s).
With a reverse mortgage, no monthly mortgage payment is required. Borrower must continue to pay for
property taxes, homeowner’s insurance and home maintenance.
**Loan proceeds are paid tax free; consult your tax advisor.
B2BAAG14
