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 […]
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: 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 […]
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 […]
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 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 […]
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 […]
How Does A Reverse Mortgage Affect Title How does a reverse mortgage affect title? One thing to consider with all mortgages, including the reverse mortgage loan, is how ownership of the property is structured. In most instances, the property title is held either fee simple or joint ownership traditionally. However, occasionally the homeownership can be […]
How A Reverse Mortgage Loan Works In Divorce How a reverse mortgage loan works and can provide additional support during one of life’s difficult steps. Divorce can be emotionally stressful enough for everybody involved without the added worry of what’s going to happen with their finances. Often, one of the first questions asked is what […]
Reverse Mortgage and Long Term Care Reverse Mortgage and Long Term Care We try to anticipate all kinds of things that could happen; car accidents, house fires, illness or disability, etc. But most people don’t think about or plan for the fact that 70%* of us are going to have to worry about the cost […]
