Mortgages aren’t one-size-fits-all, especially for those 62 and older. In retirement, priorities shift to steady cash flow, safeguarding against risks like inflation and creating flexibility for your goals—whether they’re travel, hobbies or new adventures. The right mortgage can help you stay in your home or move to your dream one, transforming your retirement into a secure, rewarding chapter.

Meet Mortgage Builder

Mortgage Builder, powered by Fairway, is an innovative tool that simplifies finding your ideal mortgage. Whether you’re refinancing, purchasing or accessing your home equity, Mortgage Builder narrows down countless home loan options—like FHA, VA, Home Equity Conversion Mortgage (HECM), Conventional, HECM for Purchase and Renovation—into just two tailored solutions. Designed to meet the mortgage needs of Americans 62 and older, it’s your shortcut to optimizing retirement cash flow and securing the perfect mortgage for your lifestyle.

Why Choose Mortgage Builder?

Navigating mortgage options can feel overwhelming, but Mortgage Builder makes it easy by offering personalized insights tailored to your goals and needs. Here’s what sets it apart:

• Quick and Simple: Answer a few online questions, and Mortgage Builder presents two tailored options side by side, comparing key details like estimated down payment, interest rate and monthly payment. If you’re cashing out equity, you’ll see how much loan proceeds you may qualify for.
• Customized for You: Unlike generic calculators, Mortgage Builder delivers recommendations tailored to your unique financial situation and retirement priorities.
• Designed for 62+: Mortgage Builder offers solutions designed for 62+ homeowners and buyers, helping you maximize cash flow and protect retirement savings. Options like the HECM eliminate monthly payments—just keep up with property charges like taxes and insurance.
• Clear and Concise Guidance: Empower yourself with actionable insights that make decision-making simple and confident.
• No Cost To Explore: Discover tailored options for free, with zero obligation.

See Mortgage Builder in Action

Curious about how it works? Watch our quick explainer video to see how Mortgage Builder makes finding your ideal mortgage seamless.

Ready To Mortgage Smarter?

Whether you’re staying put, downsizing, upsizing or tapping into your home equity, Mortgage Builder makes it easy—so you can focus on enjoying the retirement you’ve worked hard to achieve.

Try Mortgage Builder Today!

The right mortgage doesn’t just simplify your life—it empowers it. Get started: fairwayreverse.com/mortgage-builder

2025 has been marked by extreme financial volatility. Between persistent inflation, high lending rates, and international trade wars, as of April 4, 2025, the stock market had lost nearly $10 trillion since Jan 17, 2025, and industry leaders such as J.P. Morgan Chase see a 60% likelihood of a global economic recession by 2026. 

While this uncertainty can cause stress, it is especially impactful for retirees who rely on portfolio distributions to support their lifestyles. It places them in a very difficult position of having to choose between living on much less or withdrawing in a down market. The latter choice can of course deplete one's portfolio.

There is good news though; your home equity can help protect your retirement assets and support your lifestyle, even in an uncertain economy.

What Is a Home Equity Conversion Mortgage (HECM)?

For adults who are 62+, HECMs enable eligible homeowners to tap into their home equity while living in and owning their homes. For those who still make forward mortgage payments, loan proceeds from the HECM can be used to pay off (refinance) the forward mortgage balance. And unlike traditional loans, HECMs do not require monthly payments. Instead, the homeowner needs to cover the property expenses they already had, such as taxes, insurance and home upkeep. 
 
HECMs are the most popular type of reverse mortgage loan today, so much so that many people use the two terms synonymously. What separates HECMs is robust consumer protections, most notably their non-recourse feature. This means that the eventual sale of the home covers the borrower’s obligation, ensuring that HECM borrowers or their heirs will never owe more the value of the home when the loan is due*.

Why Consider Tapping Into Home Equity with a HECM? Why Now Rather Than Later?

As noted earlier, the economy has been extremely volatile. Although the overall outlook is uncertain, it appears that many goods we rely on in our day-to-day lives are going to become more expensive, increasing costs for American consumers by an annual average of $3,800.

The funds from a HECM can help compensate for these higher costs, all while preserving retirement assets for the long haul of an economic recovery. 

While home values can remain stable during an economic downturn, as we saw in the “Great Recession” of 2008, home values can also be greatly affected. At the time of this writing, many experts are predicting that home values will decline to varying degrees depending on regional market factors. 

Keep in mind that the payout for a HECM is based on the market value of the home, the expected interest rate and youngest borrower (or non-borrowing spouse) age. In light of this overarching economic uncertainty, acting now could help lock in a far higher HECM payout than if you wait.

How a HECM Can Help—Now and Into the Future

Eliminating Monthly Mortgage Payments

As mentioned earlier, HECMs eliminate mandatory monthly mortgage payments (if they exist) and do not require monthly payments going forward. Borrowers retain the option to make payments for tax advantages**, but they're only required to cover property-related expenses they already manage, such as taxes, insurance and maintenance costs.

Many seniors discover that this additional monthly cash flow provides a valuable buffer for their retirement resources, even during times of economic stability. 

Mitigating Sequence of Returns Risk

Sequence of returns risk refers to the danger of a down market occurring during retirement, particularly early in retirement, where negative returns are combined with withdrawals. This can lead to money running out during retirement, which can place immense strain on the retiree. Many retirees use their HECM payout (as described below) to draw upon when the market is down, acting as a shield against sequence of returns risk, potentially giving the investments time to recover.**

If you’d like to learn more about sequence of returns risk and other financial aspects of HECMs, please consult with a financial advisor. 

Flexible Payout Choices

HECMs provide homeowners with customizable payout options, allowing retirees to tailor their cash flow approach to their retirement objectives and evolving needs, ensuring they have access to necessary funds when they matter most. Below are two payout options that are particularly useful for protecting retirement assets:

Modified Term Payment Plan

• This plan provides fixed monthly payments to the borrower for a predetermined period (i.e., 6 months, 12 months, 18 months, 24 months, etc.). For our current economic forecast, this could ensure a steady source of cash flow to shield portfolios and retirement savings from drawdowns while maintaining quality of life. Depending on how much the borrower wants to access monthly, the term payments can be flexible and then will change to a line of credit.

Flexible Credit Line Where Unused Portion Grows Over Time

• The HECM line of credit can act as a safety net, allowing retirees to access their home equity whenever they need it. What sets the HECM credit line apart from traditional loans is that the unused portion of the credit line grows over time (thus increasing borrowing capacity) and can never be frozen or canceled due to market conditions.

Secure Your Financial Future in Turbulent Times

As we navigate through these economic uncertainties, a HECM represents a powerful financial solution when it's needed most. By tapping into your home's equity now, you can lock in your home’s value, potentially shield your retirement portfolio from market volatility and create flexible cash flow options that adapt to your changing needs.

Always remember you do not have to go it alone. Our loan officers are here to listen to your concerns, learn about your unique situation and goals, and present you with options—HECMs or otherwise—that can help. If you’d like to secure your financial future, fill out the form below and we can get started.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. Borrower is still responsible for paying property taxes and insurance and maintaining the home. Credit subject to age, property and some limited debt qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.
**This advertisement is not tax or financial advice. Please consult a tax advisor or financial advisor for your specific situation.