Tag: hecm
Using Home Equity to Offset Sequence of Returns Risk in Volatile Markets (Video)
If you’re 62+ and would like greater financial security and flexibility, learn a little bit about the Home Equity Conversion Mortgage, or HECM, by watching this quick video!
Read More >Pete Stebbins Receives Fairway Reverse’s Prestigious Lifetime Achievement Award
MADISON, WI, December 16, 2024 -- Fairway Independent Mortgage Corporation is proud to announce that Pete Stebbins, Director of Business Development in the Madison, Wisconsin office, has received Fairway Reverse’s … Continued
Read More >Fairway Mortgage Named to CNBC, Money.com, and CNN Best Reverse Mortgage Lenders Lists
MADISON, WI, August 9, 2024 / -- Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D. Power 2023 U.S. Mortgage Origination Satisfaction Study, … Continued
Read More >9 Consumer Safeguards: Why Today’s Reverse Mortgage Loans Are a Secure Choice
Over the years, reverse mortgage loans have faced scrutiny, especially given their focus on older, more vulnerable populations. However, these loans have evolved significantly since their inception in the 1980s. … Continued
Read More >Reverse Mortgage Loans and Home Repairs: Key Insights
Reverse mortgage loans allow older homeowners to access their home equity while postponing repayment of the loan balance well into the future, typically until the last homeowner passes away or … Continued
Read More >Unveiling the Value: How Mortgage Insurance Enhances Reverse Mortgage Loans
Although reverse mortgage insurance premiums (MIPs) increase loan costs, they deliver significant value. Unlike mortgage insurance required for forward Federal Housing Administration (FHA) loans, which primarily protects lenders and assists … Continued
Read More >62+ Homebuyers: The Powerful Secret for Funding Your Dream Home
High mortgage rates, limited inventory and dwindling affordability push many homebuyers to the sidelines. If you're 62 or older and feel your dream home is out of reach, consider a … Continued
Read More >Debunking the Top 15 Reverse Mortgage Loan Myths
A reverse mortgage is a unique home loan that allows older homeowners to access their home equity while deferring repayment until they move, sell or pass away. Although monthly mortgage … Continued
Read More >Unlocking Financial Flexibility: Harnessing the Power of the HECM Line of Credit
Retirement is often seen as a period of fulfillment. Yet, many retirees encounter challenges such as ongoing mortgage payments, inadequate funds for unforeseen expenses like in-home care or a retirement … Continued
Read More >The Payout Options for Reverse Mortgage Loans Explained
Traditional home loans that enable borrowers to tap into their home equity are typically inflexible in how they provide funds to borrowers. In contrast, reverse mortgage loans offer various payout … Continued
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