Eliminate Your Monthly Mortgage Payment*

Learn How

*Just Pay the Property Charges, Like Taxes and Insurance

Here's How: Refinance your traditional mortgage into a reverse mortgage loan

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Most but not all reverse mortgage loans are Home Equity Conversion Mortgages, the only reverse mortgages insured by the Federal Housing Administration. This webpage refers only to HECM loans.

Eliminate Monthly Mortgage Payments

You still must pay property-related taxes, insurance and upkeep expenses.

Access Equity as Cash

Access a portion of your home’s equity without incurring income tax.†

You Own Your Home

You remain on title and own your home so long as you meet the loan obligations


Free up cash flow in retirement.

Retirement shouldn’t be about worrying about how to close retirement income gaps.
It should be about enjoying your life to the fullest.

Good news: You may be eligible for an FHA-insured Home Equity Conversion Mortgage (HECM, reverse mortgage) loan.
It’s exclusively for homeowners 62 and older.

As a HECM borrower, you can:

  • Access a percentage of your built-up housing wealth as cash, fixed monthly advances or a line of credit.
  • Use HECM loan proceeds at closing to refinance (pay off) your payment-required traditional mortgage.
  • Pay as much or as little toward the loan balance each month as you want, or you can defer repayment by not making any monthly principal and interest payments for as long as you live in your home. You just have to maintain the home and pay the property charges, like taxes and insurance.

Plus, you can use any remaining HECM loan proceeds as you wish, such as to:

  • Pay for aging-in-place renovations
  • Pay off high interest credit cards
  • Pay for a large purchase, like a new car
  • Pay for in-home care
  • Establish a rainy day fund

In today's inflationary new world, having a $0 monthly mortgage payment can help you navigate:

  • Rising gas prices
  • A bear market
  • Rising food prices
  • Rising taxes
  • Unexpected health care costs

...And it can help you to enjoy a better retirement, like finally being able to take that vacation with the grandkids.

Remember, home values in many areas across the country are still at or near historic highs. That's wonderful news for you as a homeowner, especially if you're looking to put your housing wealth to work.


Reverse Mortgage Loan Customer Testimonial


Why Fairway Independent Mortgage Corporation?

Fairway Independent Mortgage Corporation is a national mortgage lender with top-notch customer service.

We're committed to providing an amazing experience – from loan application to closing, and beyond.

  • We're a national, full-service lender with high customer satisfaction scores
  • We're ranked as one of the top 10 mortgage companies in America by Mortgage Executive Magazine
  • As an FHA-approved lender, we're able to sell HECM reverse mortgages
  • We're dedicated to educating consumers - as well as their family members and their other trusted advisors - on the pros and cons of reverse mortgages

How Customers Rate the Fairway Experience

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4.9 out of 456,590 Reviews

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Full Star Full Star Full Star Full Star Part Star

4.95 out of 32,883 Reviews

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Full Star Full Star Full Star Full Star Part Star

4.97 out of 3,264 Reviews

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Full Star Full Star Full Star Full Star Full Star

5.0 out of 4,471 Reviews

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Best Overall Reverse Mortgage Lender

Schedule an Appointment With Us Today!

Call us or complete the form below to schedule a free consultation. Together, let’s find out if leveraging home equity is the right move for you and your retirement.


†This material does not constitute tax advice. Please consult a tax advisor regarding your specific situation.

*Source: cbsnews.com/news/best-reverse-mortgage-companies-2023