The buyer who "can't afford to move"
She's 68, the house is paid off, and she wants to be near the grandkids. She prices the new place, sees the payment on a 30-year note at today's rate, and stops. So she stays put — and you never meet her.
- Same cash, more house. HECM for Purchase turns her sale proceeds into a down payment instead of the entire purchase price.
- No required monthly principal and interest. The payment that killed the move isn't there. She still owes taxes, insurance, and upkeep.
- You get both sides. A listing on the house she's leaving and a purchase on the one she's buying.