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HECM - Options & Guidelines

Understanding the Options & Guidelines of a Home Equity Conversion Mortgage

HECM - The Basics

Understanding the Basics of a Home Equity Conversion Mortgage

HECM - Heirs & Estate Considerations

Understand considerations for Heirs & Estate as related to Home Equity Conversion Mortgage

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Texas Fairway Reverse Mortgage Team

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Copyright©2020 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289 NMLS Consumer Access. Branch office: 127 East Lake Road, STE 300, Belton, Tx 76513. Corporate office: 4801 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

Complaints may be directed to: (877) 699-0353 or customerservice@fairwaymc.com

Texas Consumer Complaint Notice: https://www.fairwayindependentmc.com/~/media/files/pdf/texas-consumer-complaints.pdf?la=en

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