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.

Whether it’s surging living costs, healthcare expenses or insurance premiums, many adult children are anxious about their parents’ economic stability. By diversifying home equity, senior homeowners may be better equipped to manage risks, like spending surprises and inflation, throughout retirement.

Hear our customers talk about their journeys with reverse mortgage loans. Although each has unique circumstances, they all shared something in common — their reverse mortgage loan made an already sound retirement strategy even better.

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!

For seniors with significant debt in retirement, especially if traditional home mortgage payments are a major factor, a HECM can be a powerful avenue to consolidate debt. Read on to learn more!

If you’re an attorney working in estate planning, Home Equity Conversion Mortgage (HECM) loans, also called reverse mortgage loans, can be a particularly helpful option in your toolkit. Read on to see why!