Turning Home-Equity Into Life-Quality
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Meet YourBranch ManagerMichael Galatis
- NMLS# 17159
- mgalatis@home.com
- 40R Merrimac Street Suite, Suite 301, Newburyport, MA, 01950
- 978-729-7690
- http://michaelgalatis.com
With a foundation of 22 years in residential lending, I bring extensive experience to my reverse mortgage planning practice. My focus is on delivering practical solutions and to provide seniors with financial freedom in their retirement by offering them tailored solutions for them to age in place comfortably and achieve their homeownership aspirations or to purchase new homes by utilizing their existing home equity wealth when they are ready to downsize. I am committed to seamless collaboration and delivering exceptional results and value partnerships with professionals who prioritize client success. Let's work together to empower your clients with sound financial strategies.
Based in Newburyport, MA
What Fairway customers are saying *
Mike was incredible to work with. We were first time home buyers and he was always answering our questions and always kept us in the loop as to where we were in the process. Amazing customer service.
Kimberlee K.
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.
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 Newburyport, MA
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.