Eliminate Monthly Mortgage Payments

Eliminate Your Monthly Mortgage Payment

*Just Pay the Property Charges, Like Taxes and Insurance

Here’s how: Refinance your traditional mortgage into a reverse mortgage loan

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Most but not all reverse mortgages are Home Equity Conversion Mortgages, the only reverse mortgages insured by the Federal Housing Administration. This webpage refers only to HECM loans.

Eliminate Monthly Mortgage Payments

You still must pay property-related taxes, insurance, and upkeep expenses.

Access Equity as Cash

Access a portion of your home’s equity without incurring income tax.†

You Own Your Home

You remain on title and own your home so long as you meet the loan obligations.

Free up cash flow in retirement.

Retirement shouldn’t be about worrying about how to close retirement income gaps. It should be about enjoying your life to the fullest.

Good news. You may be eligible for an FHA-insured Home Equity Conversion Mortgage (or HECM, commonly called a reverse mortgage) loan. It’s exclusively for homeowners aged 62
and older.

As a HECM borrower, you can:

Access a percentage of your built-up housing wealth as cash, fixed monthly advances, or a line of credit.
Use HECM loan proceeds at closing to refinance (pay off) your payment-required traditional mortgage.
Pay as much or as little toward the loan balance each month as you want, or you can defer repayment by not making any monthly principal and interest payments for as long as you live in your home. You just have to maintain the home and pay the property charges, like taxes and insurance.

Plus, you can use any remaining HECM loan proceeds as you wish, such as to:

Pay for aging-in-place renovations
Pay off high interest credit cards
Pay for a large purchase, like a new car
Pay for in-home care
Establish a rainy day fund

With inflation, a $0 monthly mortgage payment can help you navigate:

Rising gas prices
A bear market
Rising food prices
Rising taxes
Unexpected health care costs

…And it can help you to enjoy a better retirement, like finally being able to take that vacation with the grandkids.

Remember, home values in many areas across the country are still at or near historic highs. That’s wonderful news for you as a homeowner, especially if you are looking to put your housing wealth to work

Reverse Mortgage Loan Customer Testimonials

Why Fairway Independent Mortgage Corporation?

Fairway Independent Mortgage Corporation is a national mortgage lender with top-notch customer service.

We are committed to providing you with an amazing experience – from loan application to closing, and beyond.

We are a national, full-service lender with high customer satisfaction scores

We are ranked as one of the top 10 mortgage companies in America (by Mortgage Executive Magazine

As an FHA-approved lender, we are able to sell HECM reverse mortgages

are dedicated to educating consumers – as well as their family members and their other trusted advisors – on the pros and cons of reverse mortgages

Get a No-Obligation Reverse Mortgage Evaluation and Quote Today!

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†This material does not constitute tax advice. Please consult a tax advisor regarding your specific situation.

*Source: https://www.cbsnews.com/news/best-reverse-mortgage-companies-2023/

Eliminate Your Monthly Mortgage Payment

*Just Pay the Property Charges, Like Taxes and Insurance

Here’s how: Refinance your traditional mortgage into a reverse mortgage loan

Eliminate Monthly Mortgage Payments

You still must pay property-related taxes, insurance, and upkeep expenses.

Access Equity as Cash

Access a portion of your home’s equity without incurring income tax.†

You Own Your Home

You remain on title and own your home so long as you meet the loan obligations.

Free up cash flow in retirement.

Retirement shouldn’t be about worrying about how to close retirement income gaps. It should be about enjoying your life to the fullest.

Good news. You may be eligible for an FHA-insured Home Equity Conversion Mortgage (or HECM, commonly called a reverse mortgage) loan. It’s exclusively for homeowners aged 62 and older.

As a HECM borrower, you can:

Plus, you can use any remaining HECM loan proceeds as you wish, such as to:

With inflation, a $0 monthly mortgage payment can help you navigate:

…And it can help you to enjoy a better retirement, like finally being able to take that vacation with the grandkids.

Remember, home values in many areas across the country are still at or near historic highs. That’s wonderful news for you as a homeowner, especially if you are looking to put your housing wealth to work

Reverse Mortgage Loan Customer Testimonials

Finding Freedom with a Reverse Mortgage Loan

Integrating a HECM Into a Strategic Retirement Plan

Understanding the Value of a Reverse Mortgage Loan

Why Fairway Independent Mortgage Corporation?

Fairway Independent Mortgage Corporation is a national mortgage lender with top-notch customer service.

We are committed to providing you with an amazing experience – from loan application to closing, and beyond.

Get a No-Obligation Reverse Mortgage Evaluation and Quote Today!

See What It’s Like to Work with Me

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Good news. You may be eligible for an FHA-insured Home Equity Conversion Mortgage (or HECM, commonly called a reverse mortgage) loan. It’s exclusively for homeowners aged 62
and older.