Turning Home-Equity Into Life-QualityGet Started
Meet YourBranch ManagerMary Jo Downes
- NMLS# 239957
- 422 N Northwest Hwy, #110, Park Ridge, IL, 60068
Mary Jo Downes is a seasoned veteran in the mortgage business with over 30 years of experience in the industry. Her journey began when she started and operated her own mortgage brokerage firm helping families secure financing for new home purchases, refinances as well as second homes and investment properties. Mary Jo has developed an expertise in handling and successfully closing even the most difficult loans that other lending institutions just could not get closed!
Mary Jo offers a full complement of loan products such as Conventional, FHA, VA as well various first time home programs with down payment options as low as 3% down. Mary Jo also has creative financing solutions for borrowers with "less than perfect" credit history, including programs that increase her client's credit scores.
Her dedication and superlative service over the years is evidenced by the thousands of past and current clients who have sent their families and friends to her feeling confident and secure in the knowledge that Mary Jo will take care of all of their financing needs.
Based in Park Ridge, IL
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.
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.
This is an invaluable loan for seniors. The staff was terrific helping us navigate through the process and explaining the benefits this provides.
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.
- 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 Park Ridge, IL
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.
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.