HECM loan?
A home equity conversion 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.
HECM Loan
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
"Loans are what we do, not who we are."- CEO, Steve Jacobson
What Fairway Customers are saying
- Donald Y
- Carl Young
- Cassie Smith
Benefits of a HECM Loan
Built-In Portfolio
Neutralizer
Increased
Cash Flow
Purchase Life Insurance
Although most people think of reverse mortgages as a standalone loan, it’s time to consider them differently. The way their full power can be realized is within the structure of a retirement plan. For example, typically as people age, they are told to reduce portfolio risk by holding fewer stocks. If you have an HECM line of credit, it acts as a built-in neutralizer for a more stock-heavy portfolio, letting you remain invested in equities longer.
Reverse mortgages allow homeowners to tap their home equity in stages as cash is needed for home maintenance, property taxes, travel, health care, and other spending needs. Thus, reverse mortgages can provide an approach to positive retirement cash flow.
Funds obtained from a reverse mortgage may be used to pay for additional life insurance premiums, that purchase will be made with tax-free dollars, which means a larger death benefit. Your heirs will be ensured a guaranteed sum upon your death and you will know exactly what you are able to leave behind for them.with trained reverse mortgage planners, giving us the ability to meet with you in a face-to-face setting.
Who We Serve
Homeowners
Financial
Advisors
Realtors
You invested so much into your home and future, and retirement is meant to be a time where you can reap those benefits. With a reverse mortgage, Fairway can help you convert the equity in your home into useable, nearly tax-free funds.
With Fairway Mortgage, we can help your clients secure smart financial decisions when it comes to reverse mortgages and their retirement planning. We are proud to be a trusted resource for financial advisors and their senior clients.
The Fairway team is proud to be the top reverse mortgage partners for Realtors. With our years of experience, we will be there every step along the way, from the vital pre-approval process to a smooth, surprise-free closing.
“Loans are what we do, not who we are.”
– CEO, Steve Jacobson