Many retirees think that their homebuying options are highly limited if they’re on a fixed income. But there’s an option specifically for 62 and over homebuyers called the Home Equity Conversion Mortgage for Purchase (H4P) loan. If that sounds interesting to you, watch this quick video.
As we navigate through economic uncertainties, a HECM represents a powerful financial solution when it’s needed most. Read on to see why!
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Despite the many benefits of reverse mortgages, misconceptions stemming from outdated views often deter older homeowners from considering this product.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!
If you’re 62 or older and feel your dream home is out of reach, consider a Home Equity Conversion Mortgage for Purchase (H4P) loan. Read on to see the pros, cons and other options.
Although reverse mortgage insurance premiums (MIPs) increase loan costs, they also offer value, enhancing borrower flexibility and potential benefits to heirs. Read on to learn more!
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.
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.