Tag: retirement income
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 >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 >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 >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
Read More >Customer Testimonial: How a Reverse Mortgage Loan With Fairway Made Great Retirements Even Better
This video shows short clips of real customers sharing their experiences with reverse mortgage loans. Although each of the homeowners has unique circumstances, they all shared something in common—their reverse … Continued
Read More >Mastering the Market Shift: How Home Equity Conversion Mortgage for Purchase (H4P) Loans Turn Challenges Into Opportunities for Loan Officers and Realtors
In a recent MBA Newslink article, John McMullen, Senior Policy Specialist at the Mortgage Bankers Association, revealed the transformative power of the H4P (Home Equity Conversion Mortgage for Purchase) loan … Continued
Read More >Customer Testimonial: Homeowners Find More Fun, Freedom and Family Time With a Reverse Mortgage Loan
Susan and Jim Arnold are a retired couple living in Morro Bay, California. They took out a reverse mortgage loan to have more financial freedom and fun in retirement.
Read More >Customer Testimonial: Homeowner’s Reverse Mortgage Loan Provides Financial Security for Medical Expenses and Funds for Home Improvements
Rebecca's reverse mortgage loan provided much more than financial freedom, it covered unexpected medical expenses and provided funds for a variety of projects.
Read More >Customer Testimonial: Homeowner’s Reverse Mortgage Loan Gives Peace of Mind and a New Level of Control Over Personal Finances
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.
Read More >