Reverse Mortgages

Looking for a loan? I will be glad to help! Give me a call at (662) 429-5100 ext-110 . Ready to begin? Apply Online Now.

               

  Are you looking to move in to a home that bettersuits your retirement lifestyle?

A Home Equity Conversion
 Mortgage (HECM), or Reverse Mortgage,mightbe the perfect solution to fit yourspecificneeds. With a HECM, seniors are able to use less of the equity from the sale of their previousresidenceto purchase their next primary home in one simple transaction.

Qualifications:

One borrower must be 62 years or older

Purchased home is required to be your primary residence

New property must be: single-family home, 2-4 unit dwelling or FHA approvedcondo

You must have an adequate down payment for your new home

No credit score requirements, some income and credit qualifications apply to make sure you have the ability to pay taxes and insurance.

Whether you are looking to downsize,move closerto family, live in a more affordable homewith less upkeepFairway is here to assistyou with your Reverse Mortgage needs.


Call me at (662) 429-5100 ext-110