Many homeowners plan to purchase a new home to enjoy during their retirement years. For some, the idea of a perfect home may be one that is closer to the family. For others, it may mean "right-sizing" to a smaller home or finding a place that better suits their lifestyle. Regardless of their reasons for moving, many homeowners are unaware that a Home Equity Conversion Mortgage (HECM) is a unique option available only to adults over 62 that provides flexibility when purchasing a new home. Often referred to as a HECM for Purchase, this program can play a strategic role in financial planning and help homeowners live better in retirement.