Let’s start off 2024 with some good news. The Federal Housing Administration (FHA) increased the maximum claim amount on the Home Equity Conversion Mortgage (HECM). Read on to find out what that could mean for you or your clients.

While the Home Equity Conversion Mortgage (HECM) loan accounts for the vast majority of reverse mortgages in the U.S., it’s not the only type of reverse mortgage available. A jumbo reverse mortgage is an alternative option that may better serve a borrower who owns a high-value property. Read on to learn more!

Breaking News! Fairway Mortgage Ranked #1 in the U.S. for Borrower Satisfaction Among Mortgage Origination Companies by J.D. Power. Read on to learn more!

If you’re an attorney working in estate planning, Home Equity Conversion Mortgage (HECM) loans, also called reverse mortgage loans, can be a particularly helpful option in your toolkit. Read on to see why!

When inflation outpaced Jeff’s social security and pension, he used a reverse mortgage loan to free up cash, pay off debt and treat himself.

For seniors with significant debt in retirement, especially if traditional home mortgage payments are a major factor, a HECM can be a powerful avenue to consolidate debt. Read on to learn more!

It’s common for homeowners to want to refinance their mortgage to a lower interest rate, but what about then the interest rates are as high as they are today? There can be times when refinancing to a higher rate can be a wise move, so it pays to learn about your options.

Colin was well-positioned for retirement, until he got a divorce. Afterward, he used a reverse mortgage loan to purchase a house he loves.

If you’re a homeowner 62 or older, you might be sitting on a significant amount of untapped home equity that you can use to finance essential home updates, repairs or even major renovations.