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Protect Your Portfolio in Turbulent Times† – Access Home Equity With No Monthly Mortgage Payments!*

Protect Your Portfolio in Turbulent Times† – Access Home Equity With No Monthly Mortgage Payments!*

Learn How It Works

*Just Pay Property Expenses, Such as Taxes and Insurance

Here’s How: Obtain a reverse mortgage loan to boost cash flow and ease the strain on your retirement portfolio.†

Follow a manual added link

Schedule Your Free Consultation

Most reverse mortgages are Home Equity Conversion Mortgages (HECMs), the only reverse mortgages insured by the Federal Housing Administration (FHA). This webpage discusses HECM loans.

Access Equity as Cash

Access a portion of your home’s equity without incurring income tax.†

Eliminate Monthly Mortgage Payments

You still must pay property-related taxes, insurance, and upkeep expenses.

You Own Your Home

You remain on title and own your home so long as you meet the loan obligations.

Increase Your Financial Flexibility in Retirement

Market downturns during retirement can pose significant risks to your portfolio. Instead of selling assets at unfavorable prices, you can consider tapping into your home equity to safeguard your traditional retirement funds and allow them the potential to rebound.†

Here’s the good news: You might qualify for a Home Equity Conversion Mortgage (HECM), a reverse mortgage loan insured by the FHA, explicitly designed for homeowners 62 and over.

As a HECM borrower, you can:

  • Access a percentage of your built-up housing wealth as cash, fixed monthly advances, or a line of credit.
  • Use HECM funds to refinance (pay off) a traditional mortgage (if you still have one)
  • Choose how much or little to pay toward the loan each month or defer payments entirely while living in your home. You must maintain the home and cover property charges such as taxes and insurance

Plus, you can use any remaining HECM loan proceeds as you wish,† such as to:

  • Coordinate between spending from your investments and your reverse mortgage
  • Establish a rainy-day fund
  • Use the available line of credit as standby portfolio protection. For instance, you could use a reverse mortgage to enhance your cash flow in economic downtimes, potentially making your investments last longer while your net worth won’t necessarily decrease
  • Pay for in-home care, long-term care or medical expenses
  • Pay for aging-in-place renovations

Harness the Power of the HECM Line of Credit

Unlock the full potential of your HECM line of credit by taking advantage of its compounding growth. As the unused portion of the credit line increases, so does your borrowing capacity. By starting your HECM line of credit early, you can enjoy increased financial freedom later in life.

To illustrate, consider the following example based on a monthly interest rate of 6.75% and no withdrawals made:*

(Must pay essential property charges, like taxes and insurance)

*This information is provided as a guideline; the actual reverse mortgage available funds are based on current interest rates, current charges associated with loan, borrower date of birth (and that of eligible non-borrowing spouse, if applicable) the property sales price and standard closing cost. Interest rates and loan fees are subject to change without notice.

Initial Line of Credit: $200,000

In 5 years: $287,070

In 10 years: $412,056

In 20 years: $848,911

How Is the HECM Line of Credit Different From a HELOC?

While a traditional Home Equity Line of Credit (HELOC) may have lower overall costs, a HECM line of credit offers some distinct advantages that can appeal to older homeowners. Here’s a features comparison chart of the two products:

Home Equity Line of Credit (HELOC)HECM Line of Credit
As an adult, is there a minimum age I need to be?No62+
Do the unused funds in the line of credit accrue interest?NoNo
Are monthly principal and/or interest mortgage payments required?YesNo*
Does the unused portion of the line of credit grow over time to produce greater borrowing capacity?NoYes (grows at the same rate as the loan balance)
Is it a non-recourse loan? (Never owe more than the home is worth when it’s sold)**NoYes
Are the draw periods limited?Yes. Typically, there’s a 5- or 10-year draw period (timeframe depends on product)No
Are there any prepayment penalties?Depends on productNo
Which product is generally easier for 62+ homeowners to qualify for?More difficultEasier
Can the line of credit be frozen, reduced or canceled based on market conditions?YesNo

Customer Testimonial: Reverse Mortgage Loan for Home Improvements

Why Fairway Independent Mortgage Corporation?

  • We’re committed to providing an amazing experience – from loan application to closing and beyond
  • We’re a national, full-service lender with high customer satisfaction scores
  • We’re ranked as one of the top 10 mortgage companies in America (by Mortgage Executive Magazine)
  • As an FHA-approved lender, we can sell HECM reverse mortgages
  • We’re dedicated to educating consumers, as well as their family members and other trusted advisors, on the pros and cons of reverse mortgages

Schedule an Appointment with Us Today!

Call us or complete the form below to get a free consultation. Together, let’s find out if leveraging home equity is the right move for you and your retirement.

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†This material does not constitute tax advice. Please consult a tax advisor regarding your specific situation.

*Source: https://www.cbsnews.com/news/best-reverse-mortgage-companies-2023/

Copyright©2026 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity. Fairway Independent Mortgage Corporation NMLS ID #2289 www.nmlsconsumeraccess.org.