Mary wanted to buy a new home and had the financial ability to do so, but wanted to have plenty of money left over for a rainy day. So she used a Home Equity Conversion Mortgage (HECM) for Purchase loan (H4P) through Fairway and couldn’t be happier with the results.

What if, while going through the HECM application process, you discover that your home requires repairs? Let’s delve into the process so you can be prepared.

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.

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.

The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) loan is specifically designed for homebuyers 62 and older, offering a distinct set of advantages bridging the gap between cash purchases and traditional mortgages.

In this article, we’ll delve into the concept of reverse mortgages and examine common ways older-adult homeowners are leveraging this powerful financial solution.