Turning Home-Equity Into Life-Quality
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Meet YourSenior Mortgage AdvisorMark Stephen Richards
- NMLS# 254317
- mrichards@fairwaymc.com
- 411 Hackensack Avenue, Suite 200, Hackensack, NJ, 07601
- 201-679-2734
- http://www.loansbymarkr.com/
Mark Richards and his wife Jackie have lived in Fair Lawn since 2001 with their children Ana & Ian. Prior to getting into the mortgage business in 2009 and joining Fairway in 2011. Mark was involved in the distribution side of the music industry for over 20 years and also performed professionally as a musician with a band. As a committed parent who wants to make a difference in the world, Mark has been leading a Fathering group and finds this extremely rewarding. Mark has always been passionate about giving borrowers a white glove experience when purchasing their home or refinancing their loan. A priority is making the borrowing experience as simple and hassle free as possible. Speaking in plain English and simplifying the concepts is a hallmark of working with Mark. In late 2012 and 2013, Mark began learning about the Home Equity Conversion Mortgage to serve the senior population and has since been designated a Reverse Mortgage Planner through Fairway. He has focused his practice on raising the quality of life for seniors and educating financial planners, CPAs, attorneys and realtors about this product.
Based in Hackensack, NJ
What Fairway customers are saying *
My wife and I really appreciated the huge financial help from Fairway Independent Mortgage Corporation. Our lives have been better than before. Thank you again.
Donald Y.
Fairway was always professional, expedient, and truthful about the process of obtaining a reverse mortgage loan. No part of the process was concealed or confusing. It was a pleasure to work with Fairway and its representative.
Sandra H.
This is an invaluable loan for seniors. The staff was terrific helping us navigate through the process and explaining the benefits this provides.
Gwen R.
What is a Reverse Mortgage Loan?
A reverse mortgage is a unique loan that allows those 62 years of age and older to convert a portion of the equity they have built up in their homes into cash and defer repayment until they pass away or move out. The loan can provide you with cash that you can use now, help you develop a line of credit, and more, giving you more financial flexibility in retirement.
Benefits of A Reverse Mortgage
There are many incredible benefits to this unique loan, and it can be a great way way for you to feel secure in your retirement and provide you with the financial freedom you are looking for.
Benefits
- No monthly mortgage payments except for taxes, insurance, and maintenance
- Growing line of credit (applies to unused funds)
- Increased discretionary cash flow
- Can sell YOUR home at any time
- Does not require payment until last living borrower permanently leaves the home
- Bridge the medicare gap
- Increase your purchasing power
Benefits of working with a Fairway loan officer in Hackensack, NJ
We Deliver On Customer Service
Our customers experience some of the fastest turn times in the industry. The Fairway reverse mortgage loan process is designed to exceed expectations, provide satisfaction and earn your trust.
Specialized Training
Each Fairway loan officer is required to attend live training classes before he or she can originate a reverse mortgage loan. Our Reverse mortgage planners have access to a dedicated support staff and ongoing weekly educational training calls.
National In-Person Appointments
Fairway has offices located nationwide with trained reverse mortgage planners, giving us the ability to meet with you in a face-to-face setting.