Turning Home-Equity Into Life-Quality
Get StartedMeet YourLoan OfficerMolly Sterns
- NMLS# 1836959
- molly.sterns@fairwaymc.com
- 40R Merrimac Street, Newburyport, MA, 01950
- 978-882-1801
One of the most heartfelt ways to show respect to someone is by listening to what they have to say. To Molly, this is the most important aspect of her job as a Loan Officer at Fairway Independent Mortgage.
She knows that purchasing a home is often a once-in-a-lifetime event, so coaching her clients and helping them understand the mortgage process is important to her. She strives to stay balanced and always remember her main objective – to help each client reach their unique homeownership goals smoothly and efficiently.
Molly majored in business and finance at Worcester State University. In May of 2017, she started her internship with Fairway, and the rest is, as they say, history. Outside of work, she enjoys staying active, traveling as much as possible, and spending time with family and friends.
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.