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Market Conditions in 33060 : Real Estate Advice

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Activity 1
Tue Aug 18, 2015
Paul Morris answered:
Another consideration is the possibility to use the HECM mortgage for PURCHASE. Takes an experienced Realtor and banker cooperating to educate the buyer. Here is an oversimplification: Proceeds from sale or current property are used for a 50% downpayment (depends on youngest buyers age) then you line in the house for life and only pay the insurance tax and any HOA. NO MORTGAGE PAYMENT! ... more
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