Turning Home-Equity Into Life-QualityGet Started
Steve Cox is a Branch Manager at Fairway Independent Mortgage Company in Boise, Idaho. Steve began his mortgage finance career in 2003 as a licensed loan originator. Since then he has been an owner of Park Place Mortgage, and co-owner of Stonebrook Mortgage. From 2009 to 2014 he was a Producing Branch Manager at Waterstone Mortgage Corporation, before assuming the same current role at Fairway Independent Mortgage Corporation.
Steve is very involved in his industry serving as: Past Chairperson, Boise Regional REALTORS® Political Affairs Committee; Boise Regional Realtors 2016 Affiliate of the Year; Advisory Board Member, TitleOne Corporation; Past President, Idaho Association of Mortgage Professionals; Past Advisory Board Member, Idaho Department of Finance, Consumer Finance Division. Steve originates reverse mortgages in Boise, Idaho and throughout the state, and is licensed in more than five other states.
In Boise, a reverse mortgage presents an opportunity to bolster your retirement income, allowing you to comfortably age in your residence. This option offers flexible payout alternatives, eliminates the obligation for monthly mortgage payments, can safeguard your investment portfolio, and delivers various other advantages.
To be eligible for a reverse mortgage in Boise, the primary borrower must be at least 62 years old and possess either full home ownership or substantial property equity. The property should function as your primary residence, and you'll continue to bear responsibility for expenses like taxes, insurance, and upkeep. Counseling is mandatory for all borrowers.
Additional requirements can be discussed in detail with Steve and his team.
Steve facilitates various types of reverse mortgage loans in Boise and surrounding areas like Sun Valley, Treasure Valley, and other locales within Idaho and even Washington State. Steve's product offering encompasses Home Equity Conversion Mortgages (HECMs), HECM for Purchase (H4P), and Jumbo Reverse Mortgage Loans. Steve will guide you towards the most fitting solution based on your specific needs.
When engaging with reverse mortgage clients in Boise, Steve employs a comprehensive approach. He evaluates your entire financial situation, determining the suitability of a reverse mortgage by considering a range of essential factors.
Steve is a long-time Idahoan. He and his wife have two daughters currently attending Idaho universities. Steve enjoys mountain biking, water sports of all types, snow skiing and snowboarding, spending time in the McCall mountains on weekends, and exploring the vast beautiful outdoors. Steve is passionate about helping people find the mortgage that is the best fit for them and their unique situation.
For example, he often helps seniors get reverse mortgages in Boise and throughout Idaho so that they can access home equity as a valuable financial tool.
Steve and his team will be happy to consult with you to determine if this tool is a good fit for you in your retirement years.
Based in Boise, ID
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 Boise, ID
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.