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.
We recently had the privilege of being the lead sponsor for NAIFA-Texas 2024 Annual State Conference in Clear Lake, Texas. The true highlight for me was our involvement in a deeply meaningful way to support one of our veterans.
Whether it’s surging living costs, healthcare expenses or insurance premiums, many adult children are anxious about their parents’ economic stability. By diversifying home equity, senior homeowners may be better equipped to manage risks, like spending surprises and inflation, throughout retirement.
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!
Now more than ever, financial advisors and homeowners are viewing the reverse mortgage in a financial planning sense — read on to learn why.
Many people have very strong opinions about home equity and reverse mortgage loans. Read on to learn how home equity can be harnessed and why reverse mortgages are really all about cash flow.
What is a reverse mortgage loan and how does it work? Read this article to help decide if one the right choice for you, a loved one or a client.