The National Reverse Mortgage Lenders Association (NRMLA) is the national trade association of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders and related professionals. NRMLA was established in 1997 to enhance the professionalism of the reverse mortgage industry.
Many older adults are hesitant to purchase a new home if it means taking on required monthly mortgage payments or depleting a majority of their retirement nest egg. HECM for Purchase can help builders capture new customers and sell more homes by making it easier for people age 62+ to buy the home they desire, without being required to make monthly mortgage payments.
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