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Reverse Mortgage for Purchase – New Florida Mortgage HECM for Purchase – How Does It Work? Using a Reverse Mortgage to Purchase a New Home. While a reverse mortgage has traditionally been used as a way to remain in your home, borrowers can also use it to purchase a new primary residence under the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program.
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It is also recognized as a conforming loan, since it conforms to standards set by the two leading rulemaking agencies in the U.S., Fannie Mae and Freddie Mac. New Assessment of Conventional Refinance.
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The iMaxCRM is now integrated with Flexmls, powered by the Spark API and available to Flexmls Subscribers in the Spark Store. The app is a powerful Customer Relationship Management (CRM) service that fits neatly into the Flexmls and Spring user experiences.
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