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!

This article delves into a recent MBA Newslink article by John McMullen, Senior Policy Specialist at the Mortgage Bankers Association, on the transformative power of the H4P (Home Equity Conversion Mortgage for Purchase) loan for homebuyers 62 and older.

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.

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.

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.

After Cathy’s husband passed away, she felt she owed it to herself to pursue her life goal of living by the ocean. She used a reverse mortgage loan to not only purchase her dream ocean-front home, but also establish a line of credit for future expenses.

Hear our customers talk about their journeys with reverse mortgage loans. Although each has unique circumstances, they all shared something in common —
their reverse mortgage loan made an already sound retirement strategy even better.

Rebecca’s reverse mortgage loan provided much more than financial freedom, it covered unexpected medical expenses and provided funds for a variety of projects.

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.

Where you live in retirement influences so many aspects of your life. Read on to learn more about the pros and cons of the most common options for retirement living.

Financial professionals, learn how the Home Equity Conversion Mortgage (HECM) can be an effective tool for insulating retirement portfolios, improving overall quality of life in retirement and helping retirees afford their dream home.

Tapping home equity via a reverse mortgage loan can be an excellent way for seniors to continue to own and live in the homes they love. But is it right for you? Take this quick quiz to find out!

Nancy began learning about Home Equity Conversion Mortgages (HECMs), the most popular type of reverse mortgage loan, and found that it gave her more choices and control over her finances.

Today’s interest rates are a common concern for those who are interested in reverse mortgage loans. The good news is that there are a number of other factors that can help you determine if now is the right time for a reverse.

In this article, we’ll explore how a reverse mortgage can help you enjoy a more comfortable, secure retirement while providing the peace of mind that your children can continue their financial independence and benefit from the legacy you leave behind.

Claudette sees the Home Equity Conversion Mortgage (HECM) loan as a significant bonus for retirees and greatly appreciates the peace of mind and financial control it provides.

Securing a comfortable retirement should be a top priority for homeowners 62 and above. We’ll also show how the Home Equity Conversion Mortgage loan (or HECM) can effectively insulate retirement portfolios while improving retirement life.

Moving to live near your grandchildren is no small leap. Read on to learn the top tips to consider before you make the move.

Now more than ever, financial advisors and homeowners are viewing the reverse mortgage in a financial planning sense — read on to learn why.

While there are several different types of reverse mortgages, HECMs are by far the most popular today. 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.

In this article, we’ll cover what a HECM reverse mortgage loan is, the typical upfront and ongoing costs and whether those costs are worth it for you.

Reverse mortgage loans apply to many legal scenarios, but for lawyers involved in silver divorces, the reverse mortgage could be just the tool you need for your clients’ success.

Reverse mortgage loans can be powerful tools for people in a variety of situations. But are they right for you? See the reverse mortgage pros and cons.

For most homeowners aged 62 and older, home equity represents the largest portion of their overall net wealth. Three common home-equity-release loans available today for senior homeowners are the Home Equity Line of Credit (HELOC), Home Equity Loan (HEL), and the Home Equity Conversion Mortgage (HECM).

Retirees face no shortage of risks to their retirement savings. Read on for solutions to one of the biggest funding challenges of all—long-term care (LTC).

Kathleen Scarcelli is a long-time resident of Scottsdale, AZ, and entrepreneur. Her husband passed away, which left her in a difficult position.

Homeownership even with bad credit can sometimes feel impossible. At Fairway we can make the American Dream of homeownership possible for anyone.

To secure a mortgage for first-generation first-time homebuyers is not always easy. Having mortgage loan officers who invest in your success is important.

Jim, a retired financial advisor, and his wife did their homework on reverse mortgage loans, and are very happy that they have one. Jim’s sister was struggling to make ends meet—hear why Jim recommended a reverse and how it improved her life.

Mitch and his wife Evaly used a reverse mortgage loan to provide a financial buffer for market downturns, and believe that it’s a move that other people should make as well.

Tod is a retired financial advisor who built wealth in multiple income streams throughout his career—hear how he uses his reverse mortgage as a financial buffer.

Best-selling author and speaker Joe Jordan was once highly skeptical of reverse mortgage loans—hear in his words why he’s become a major advocate.

Of the challenges that financial planners face in shepherding clients through retirement, cash flow and risk management are among the most common. The reverse mortgage loan line of credit offers immediate solutions for both of these issues. Read on to learn more!

H4P loans can not only help you grow your REALTOR® business, it can help you overcome challenges in your own retirement planning.

There are many older-adult homeowners who would like to downsize, upsize, or right-size into their dream home — or a new home that simply better meets their lifestyle in retirement. The Home Equity Conversion Mortgage for Purchase (H4P) can make their dreams come true.

With hundreds of options nationwide, it can be tough to narrow down the right community for you or your loved one. Luckily, we’ve laid out a complete guide to help you pick your perfect retirement community.

Today’s reverse mortgage loans are not the same as they were even a decade ago, and it is to your advantage to take a fresh look at them, as they can often be a viable solution to many of the financial challenges that retirees face.

Reverse mortgage loans have become an increasingly popular tool for financial planners. Read on to learn the Top Four Reasons for you to bring them into your financial planning toolkit.

While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone. The way reverse mortgage loans turn home equity into cash offers additional advantages that you may not be aware of. Read on to learn the top five!

But let’s assume you are already 62 or better and seek to one day leverage your home equity via a reverse mortgage — should the wait to get one continue or is acting now the optimal strategy?

When it comes to making savings last over a lengthy retirement period, retirees have no shortage of obstacles to contend with. Here are three ways people 62 and older (working in tandem with their advisors) can incorporate reverse mortgages into sound retirement plans to potentially improve retirement outcomes.

U.S. homeowners aged 62+ saw their home equity soar to a record $10 trillion in 2021, making it prudent for homeowners and their advisors to discuss ways to incorporate housing wealth into retirement planning decisions.

If you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.

With a home equity loan, homeowners can borrow against the equity in their house to fund other projects. Learn which type of loan could work best for you.