Explore the concerns surrounding reverse mortgage loans and the consumer safeguards that make it a secure choice for borrowers.
Fairway has been named on CNBC’s Best Reverse Mortgage Lenders list, as well as Money.com’s 2024 Best Reverse Mortgage Companies!
Despite the many benefits of reverse mortgages, misconceptions stemming from outdated views often deter older homeowners from considering this product. Read on to get the facts and see if a reverse could be a solution for you or those you know!
This article delves into a recent MBA Newslink article by John McMullen, Senior Policy Specialist at the Mortgage Bankers Association, on the transformative power of the H4P (Home Equity Conversion Mortgage for Purchase) loan for homebuyers 62 and older.
A common misconception about home equity conversion mortgage loans (HECMs), commonly called reverse mortgage loans, is that they are a “loan of last resort.” In this short video, Jim Thompson quickly clarifies why that really isn’t the case.
Jim Thompson, a financial advisor, praised the benefits of a Home Equity Conversion Mortgage, which he decided to use after recognizing it as a tool to maintain home ownership and financial liquidity, contrary to common fears of losing one’s home.
By using a HECM to purchase his house, Randy not only avoids monthly mortgage payments, he lives in home he really loves while creating a legacy for his son.
Discover firsthand accounts of real Fairway customers who have utilized reverse mortgage loans to navigate various financial scenarios in retirement. Watch these quick videos to gain insights into how reverse mortgages can address challenges and unlock opportunities in retirement planning.
Retirement is often seen as a period of fulfillment, yet many retirees encounter financial challenges. Enter the HECM line of credit (HECM LOC), a Home Equity Conversion Mortgage (HECM, reverse mortgage) loan feature designed to provide older homeowners with a versatile contingency fund.
If you’re looking to empower your retirement with a reverse mortgage loan, the process may seem a little confusing at first glance. Knowing what’s coming, being prepared and having an excellent lending team behind you helps ensure a smooth borrowing journey with less stress.