If you dream about a new home with modern design, amenities, and low maintenance, then you owe it to yourself to learn about a powerful alternative to using traditional financing or paying cash to purchase your next home. Imagine moving into a new neighborhood close to friends and family, with walking paths, a clubhouse, and neighbors just like you.and doing all of this while retaining a large portion of your life savings.
You're about to discover a little-known strategy that middle income and affluent Boomers like you have been using since 2009 to purchase their dream home. Introducing the Home Equity Conversion Mortgage for Purchase Program, or H4P Program for short. With this no monthly mortgage payment option, you can potentially double your purchasing power and significantly reduce your out-of-pocket expenses as compared to paying cash or securing traditional financing.
In essence, you can purchase a $600,000 home for about $312,388 and never have a monthly mortgage payment!* Our clients laugh when they learn about the H4P Program, because this is the one time when something that "sounds too good to be true" actually delivers on its promise.
You're about to discover a little-known strategy that middle income and affluent Boomers like you have been using since 2009 to purchase their dream home. Introducing the Home Equity Conversion Mortgage for Purchase Program, or H4P Program for short. With this no monthly mortgage payment option, you can potentially double your purchasing power and significantly reduce your out-of-pocket expenses as compared to paying cash or securing traditional financing.
In essence, you can purchase a $600,000 home for about $312,388 and never have a monthly mortgage payment!* Our clients laugh when they learn about the H4P Program, because this is the one time when something that "sounds too good to be true" actually delivers on its promise.
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A Toledo, Ohio native with a knack for launching startup businesses, Ann Marie Stemen is an author, speaker, Home Equity Conversion Mortgage Expert, and a sought-after TV & Radio guest.
Featured on NBC4, and in The Columbus Dispatch as a Boomer market influencer, she's also worked with Jeff Shore, the nation's top sales trainer to the home building industry.
However, what Ann Marie enjoys most is helping Boomers 62+ purchase their dream home, with no monthly mortgage payments.
As a Boomer herself, Ann Marie knows firsthand what it's like trying to manage all the moving parts of just living life and dealing with transition and change.
Featured on NBC4, and in The Columbus Dispatch as a Boomer market influencer, she's also worked with Jeff Shore, the nation's top sales trainer to the home building industry.
However, what Ann Marie enjoys most is helping Boomers 62+ purchase their dream home, with no monthly mortgage payments.
As a Boomer herself, Ann Marie knows firsthand what it's like trying to manage all the moving parts of just living life and dealing with transition and change.
Down payment is determined by three factors: age of the youngest borrower, the purchase price of the home, and current interest rate.
The closing costs are similar to a regular FHA mortgage.
2% of the appraised value of the home is paid at closing to satisfy the up-front mortgage insurance premium payment.
This premium is financed into the mortgage and not paid out-of-pocket.
There are also standard third-party fees like title, appraisal, and recording of the lien.
These costs DO NOT get added to the down payment number shown on the Matrix.
The closing costs are similar to a regular FHA mortgage.
2% of the appraised value of the home is paid at closing to satisfy the up-front mortgage insurance premium payment.
This premium is financed into the mortgage and not paid out-of-pocket.
There are also standard third-party fees like title, appraisal, and recording of the lien.
These costs DO NOT get added to the down payment number shown on the Matrix.
During a recent conversation with a successful Real Estate Broker a disturbing fact was revealed.
The Broker stated one of the primary reasons they don't do more business with me is because our Home Equity Conversion Mortgage for Purchase Program (H4P Program) is confusing.
The lending industry uses a lot of specialized words, but there really isn't anything mysterious or complicated about what those words mean.
Because we use acronyms like HECM or H4P, and words like positive and negative amortization every day, we assumed everyone understood them.
The Broker stated one of the primary reasons they don't do more business with me is because our Home Equity Conversion Mortgage for Purchase Program (H4P Program) is confusing.
The lending industry uses a lot of specialized words, but there really isn't anything mysterious or complicated about what those words mean.
Because we use acronyms like HECM or H4P, and words like positive and negative amortization every day, we assumed everyone understood them.
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