Baby boomers make up 39% of all home purchases, making this demographic essential for real estate professionals to grow their businesses. Learn about a loan designed exclusively for 62+ homebuyers that can set you apart.Â
Explore the concerns surrounding reverse mortgage loans and the consumer safeguards that make it a secure choice for borrowers.
Fairway has been named on CNBC’s Best Reverse Mortgage Lenders list, as well as Money.com’s 2024 Best Reverse Mortgage Companies!
Despite the many benefits of reverse mortgages, misconceptions stemming from outdated views often deter older homeowners from considering this product. Read on to get the facts and see if a reverse could be a solution for you or those you know!
If you’re 62 or older and feel your dream home is out of reach, consider a Home Equity Conversion Mortgage for Purchase (H4P) loan. Read on to see the pros, cons and other options.
This article delves into a recent MBA Newslink article by John McMullen, Senior Policy Specialist at the Mortgage Bankers Association, on the transformative power of the H4P (Home Equity Conversion Mortgage for Purchase) loan for homebuyers 62 and older.
Mary wanted to buy a new home and had the financial ability to do so, but wanted to have plenty of money left over for a rainy day. So she used a Home Equity Conversion Mortgage (HECM) for Purchase loan (H4P) through Fairway and couldn’t be happier with the results.
By using a HECM to purchase his house, Randy not only avoids monthly mortgage payments, he lives in home he really loves while creating a legacy for his son.
Discover firsthand accounts of real Fairway customers who have utilized reverse mortgage loans to navigate various financial scenarios in retirement. Watch these quick videos to gain insights into how reverse mortgages can address challenges and unlock opportunities in retirement planning.
Retirement is often seen as a period of fulfillment, yet many retirees encounter financial challenges. Enter the HECM line of credit (HECM LOC), a Home Equity Conversion Mortgage (HECM, reverse mortgage) loan feature designed to provide older homeowners with a versatile contingency fund.