The next time one of your clients asks your recommendation on whether they should remain in a home that no longer suits their needs, make sure you take a closer look at HECM for Purchase—read on to learn why!

Written by Christine Jensen, originally featured on Rethinking65.com

If you’re looking to empower your retirement with a reverse mortgage loan, the process may seem a little confusing at first glance. Knowing what’s coming, being prepared and having an excellent lending team behind you helps ensure a smooth borrowing journey with less stress.

The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) loan is specifically designed for homebuyers 62 and older, offering a distinct set of advantages bridging the gap between cash purchases and traditional mortgages.

In this article, we’ll delve into the concept of reverse mortgages and examine common ways older-adult homeowners are leveraging this powerful financial solution.

Let’s start off 2024 with some good news. The Federal Housing Administration (FHA) increased the maximum claim amount on the Home Equity Conversion Mortgage (HECM). Read on to find out what that could mean for you or your clients.

While the Home Equity Conversion Mortgage (HECM) loan accounts for the vast majority of reverse mortgages in the U.S., it’s not the only type of reverse mortgage available. A jumbo reverse mortgage is an alternative option that may better serve a borrower who owns a high-value property. Read on to learn more!

Breaking News! Fairway Mortgage Ranked #1 in the U.S. for Borrower Satisfaction Among Mortgage Origination Companies by J.D. Power. Read on to learn more!