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USE YOUR HOME'S EQUITY FOR A BETTER RETIREMENT

Evaluate if one of our HECM Programs is a good fit for you and your family. 

A HOME EQUITY CONVERSION MORTGAGE LOAN: HOW MUCH CAN YOU QUALIFY FOR?

A Home Equity Conversion Mortgage (HECM) calculator is a useful tool for homeowners who are considering a reverse. With this calculator, you can estimate how much money you may be eligible to receive from a reverse mortgage, based on your age, home value, and other factors. This can help you make an informed decision about a reverse mortgage is right for you.

JOIN ONE OF MY UP COMMING WEBINARS!
  • Making Memories Not Morgage Payments with a HECM Loan
  • ​Surviving the Current Economic Storm with a HECM Line of Credit Loan
  • Living your Best Life with a HECM for Purchase Loan

Loans Options Available

A reverse mortgage loan is a unique loan that allows homeowner(s) 62 years of age and older to draw on the value of their home, which is paid to the homeowner(s) in a variety of payout options. HECM (Home Equity Conversion Mortgage), is the most common type of reverse mortgage one aspect of this loan is that it does not require repayment until the homeowner(s) no longer reside in the residence, the last surviving borrower passes away or does not comply with the loan obligations such as paying property taxes and insurance, and maintaining the property to FHA guidelines.

Home Equity Conversion Mortgage, Reverse Mortgage

HECM

Reverse Mortgage Loan

HECM Loans For Purchase, Reverse Mortgage Loans for Purchase

HECM for Purchase

Reverse Mortgage Loan

HECM Line of Credit, Reverse Mortgage Line of Credit

HECM Line of Credit

Reverse Mortgage Loan

HECM Jumbo Loans, Jumbo Loans, Home Equity Conversion Mortgage Jumbo Loan

HECM Jumbo Loan

Reverse Mortgage Loan

Most but not all reverse mortgages are Home Equity Conversion Mortgages – HECMs and are only available through an FHA-approved lender.  This advertisement talks about HECM loans only.

Download a FREE Home Equity Conversion Mortgage loan Information Kit

Like most Americans, you have probably been working years to build up the equity in your home. Why not let your home equity work for you! Download our FREE Reverse information kit and see if a Reverse Mortgage Loan is right for you!

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What You'll Learn:

  • What a Reverse Mortgage is and How Much You Could Qualify For

  • The Most Common Uses of A Reverse Mortgage

  • The Financial Power of a HECM Line of Credit

  • How to use a Reverse Mortgage Loan to purchase your retirement home

Webinars 
If you answer yes to the following questions, you might be a good candidate for the HECM Reverse Mortgage loan program.
  • Would you like to remain in your home for as long as possible with no monthly mortgage payments, only paying taxes and insurance (and homeowners association dues, if applicable), and maintaining your home?

 

  • Would you like to potentially have extra cash to spend as you please?

Register for one of our no-obligation informational seminars, we'll share important details about today's Reverse Mortgage Loans. 

You’ll learn how this loan can help you:

  • Convert a portion of the equity in your home into tax-free* cash to pay your bills and enhance your cash flow during retirement.​

  • Pay off your current mortgage (if you have one) provided the borrowing limit is high enough while retaining ownership of your home during the life of the loan.​

  • According to the U.S. Department of Housing and Urban Development, more than one million households are using an FHA-insured HECM reverse mortgage.

If you are a financial planner, realtor, or other professional interested in learning more about how a Reverse Mortgage Loan can help your client? 

Register for one of our LIVE webinars or join our professional community and receive access to our ON DEMAND webinars and informational materials.

What to Expect at your First Reverse Mortgage Loan Appointment

Step 1
Get Acquainted

We’ll talk about you, your home, family, finances, assets, income in retirement, etc.

Step 2
Qualify

We’ll conduct a brief financial assessment; determine your and your home’s eligibility; and ensure that property taxes, homeowners insurance have been paid and are current.

Step 3
Loan Options

We will spend time discussing three different scenarios for your unique situation. A numbers analysis will indicate what options fit your needs and goals. Each loan option will be thoroughly explained so you have enough information to make a good decision.

Step 4
Ask Questions

We will take time to help you answer some important questions: 

  • It a reverse mortgage loan the right product for you?

  • Is Fairway Mortgage the right company?

  • Is your reverse mortgage loan specialist the right professional for you?

  • Is this the right time for you to pursue a reverse mortgage loan?

Step 5
Talk About Retirement Hopes & Dreams

We will take some time to discuss your retirement plans and future. 

  • What are some of your retirement goals?

  • How could accessing your home's equity help you to better your life and/ or plan for your future?

  • Where would you like to live or what changes in your home could make it more comfortable?

Step 6
Next Steps

Once we know that a reverse mortgage loan is a right path to take, we will talk about and begin planning for your next steps in the process. 

FIRST APPOINTMENT

Reviews 

Are you interested in a Reverse Mortgage Loan? See what Joan's customers are saying about their experience with Fairway Independent Mortgage Corporation and their Reverse Mortgage Loan.