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!
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!
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!
In strong real estate markets like Central California, HECMs can be a cornerstone in designing a comprehensive estate planning strategy. Read on to learn why and how to get started.
It’s common for homeowners to want to refinance their mortgage to a lower interest rate, but what about then the interest rates are as high as they are today? There can be times when refinancing to a higher rate can be a wise move, so it pays to learn about your options.
Colin was well-positioned for retirement, until he got a divorce. Afterward, he used a reverse mortgage loan to purchase a house he loves.
Susan and Jim Arnold are a retired couple living in Morro Bay, California, who took out a reverse mortgage loan to have more financial freedom, fun and family time in retirement.
If you’re a homeowner 62 or older, you might be sitting on a significant amount of untapped home equity that you can use to finance essential home updates, repairs or even major renovations.
Where you live in retirement influences so many aspects of your life. Read on to learn more about the pros and cons of the most common options for retirement living.