Tag: reverse mortgage
Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan
For homeowners aged 62+, a Home Equity Conversion Mortgage (HECM, commonly called a reverse mortgage) loan offers some distinct advantages over other types of home-equity-release loans.Read More >
What Are the Costs of a Reverse Mortgage Loan?
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.Read More >
How Seniors Could Double Their Home Buying Power — Despite Rising Interest Rates
Despite rising interest rates, an H4P can double your buying power and allow you to keep more of your retirement assets to use as you wish.Read More >
Customer Testimonial: How a Reverse Mortgage Loan Changed Her Financial Horizon
Linda had put in some research into reverse mortgage loans over the years and was not convinced that it was right for her. But after her financial advisor suggested that … ContinuedRead More >
What Is A Reverse Mortgage Loan?
A reverse mortgage is a loan that allows homeowners 62 and older to convert a portion of their home equity into cash and defer repayment until they pass away, sell the home, or move out of the home.Read More >
Top 15 Reverse Mortgage Loan Questions Answered
Today’s reverse mortgage loans are not the same as they were even a decade ago. Here are answers to the top reverse mortgage questions.Read More >
Customer Testimonial: How Working with Fairway Clarified the Reverse Mortgage Loan Process
Although initially nervous, Cynthia had a great experience getting a reverse mortgage loan with Fairway. She feels that Fairway provided clear explanations, thorough information, and answered any questions that arose, … ContinuedRead More >
Customer Testimonial: Finding Freedom with a Reverse Mortgage Loan
Kathleen found that her reverse mortgage loan gave her a level of financial freedom that she loves and many of her friends do not have.Read More >
What is a Life Expectancy Set-Aside (LESA) for a Reverse Mortgage Loan?
Learn what life expectancy set-aside (LESA) is, how it helps a borrower to pay property charges, when it's required, and its benefits.Read More >
Customer Testimonial: Real Estate Professional and Fairway Customer Sets Himself Up For Retirement
Jim is a retirement-aged Realtor who believes that the Home Equity Conversion Mortgage (HECM) loan has freed him financially and thinks that every homeowner of qualifying age should use one … ContinuedRead More >