Meet Helen Johnson

HECM for Purchase

Helen is a single woman and wants to move closer to her children and grandchildren. Unfortunately, she believes she cannot afford the nicer home she wants.

  1. Profit from Sold Home: $400,000
  2. New Home Purchase Price: $600,000
  3. Minimum Down payment of New Home: $248,000
  4. Borrower Age: 68
  5. Monthly Mortgage Payment = $0