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Homeowner Series Financial Professional Series

Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan

reverse mortgage loan vs heloc or 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.

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.

How Seniors Could Double Their Home Buying Power — Despite High Interest Rates

Despite high interest rates, an H4P can double your buying power and allow you to keep more of your retirement assets to use as you wish.

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 … Continued

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.

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, … Continued

Navigating Home Equity and Financial Planning: Financial Advisor Testimonial on His Own Reverse Mortgage Loan

Jim Thompson, a financial advisor, had already paid off two mortgages in the past. As he was paying off his third mortgage, he became aware of the Home Equity Conversion … Continued