Reverse Mortgages vs. a HELOC and a Home Equity Loan

Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan Reverse Mortgage vs HELOC.  For homeowners aged 62+, a Home Equity Conversion Mortgage (HECM, commonly called a reverse mortgage) loan offers some distinct advantages over other types of home-equity-release loans. According to a survey conducted by Clever, about half (51 percent) of […]

Reverse Mortgage After Death

Reverse Mortgage After Death

If you are looking for servicing an existing reverse mortgage for your loved ones, visit this link. Taking out a mortgage is one of life’s big decisions. If you are considering a reverse mortgage loan, you likely have a lot of questions around what a reverse mortgage is and how it works. At Fairway Independent Mortgage […]

Three Buckets of Retirement Income

Three Buckets of Retirement Income:  The Sacred Cow of Home Equity Many people feel that paying off their home and having no mortgage with lots of equity is the Holy Grail of retirement. Several people wait until their home is paid off before they retire and then feel they are safe to do so. The […]

Reverse Mortgage For Purchase Loan (H4P)

Get Started The Financing You Need to Buy the Home You Really Want in Retirement. Reverse Mortgage for Purchase Loan (H4P). If you are 62 or older, you may be thinking about buying a new home that better meets your needs in retirement. Maybe you have your sights set on a home that’s closer to […]

Inflation Presents Unique Challenges for Retirees

Home Wealth Can Help Retirees to Fight Inflation These days, inflation is on the minds of most people — and it is of particular concern for seniors. With prices rising at the fastest pace in decades, many people who are in or nearing retirement have heightened fears they may outlive their savings. What Is the […]

How Seniors Could Double Their Home Buying Power — Despite Rising Interest Rates

The advantage of the H4P.  These days, in much of the U.S., the housing market is tilted sharply in favor of sellers. There’s fierce competition among buyers, interest rates have been rising, inventory is tight, and home prices are at record highs. According to Fannie Mae, U.S. home prices are expected to rise 10.8 percent […]

The Pros and Cons of Reverse Mortgage Loans

Pros and Cons of a Reverse Mortgage Most older adults hope to live in the place they know and love for as long as possible—their own homes. Home equity is typically one of the biggest slices of the net worth of older-adult homeowners—and the strategic use of home equity can be a great option for […]

Tax Benefits Of Reverse Mortgage Loans

The Top Three Tax Benefits Of Reverse Mortgage Loans* A Reverse Mortgage Loan Converts Your Home Equity Into Cash, And For Many People, It’s A Life-Changing Influx Of Money. So You May Find It Surprising That There Are Many Tax Benefits Of Reverse Mortgage* — And Here Are The Top Three. Reverse Mortgage Loan Proceeds Are […]

Reverse Mortgages Facts Top 30

Reverse Mortgage Facts Top 30 Reverse Mortgage Facts. Some of these reverse mortgage facts may surprise you.  It is common that when we talk about reverse mortgage loans with people, they often don’t know a lot about them.   We are happy to share these with you in hopes that it will answer some of your […]

A Reverse Mortgage Retirement

Reverse Mortgage Retirement Reverse Mortgage Retirement.  Planning your retirement can be a lot like preparing for your wedding day. Many thoughts are going through your mind. Do we have enough money to afford this? Is now really the right time? Am I ready to make this commitment? However, for most people that waited longer to […]