Fairway Independent Mortgage Corporation, Newburyport

10/07/2025

Planning your next move in retirement?

Most 62+ buyers don’t know there’s a loan built just for them—one that can stretch their budget and help preserve more of their savings.

Curious how it works?

Get our FREE 62+ Homebuyers Guide to learn the smart way to buy your next home in retirement.

Download here: https://hubs.la/Q03LxnMP0

10/02/2025

Movement matters at every age — and the good news is, staying active doesn’t have to mean high-intensity workouts.

From walking and yoga to pickleball and dancing, there are plenty of fun, senior-friendly activities that support strength, balance, heart health, and social connection:
- Walking
- Swimming & Water Aerobics
- Golf
- Cycling
- Pickleball
- Yoga
- Bowling
- Dancing

The key? Choose activities you enjoy — that’s what keeps you moving and motivated.

What’s your favorite way to stay active?

09/30/2025

Great question — and the answer depends on your situation.

If you were a co-borrower on the HECM (reverse mortgage), you can continue living in the home and may still access loan proceeds if available.

If you are a non-borrowing spouse, you may still be able to remain in the home if:
• You were married to the borrower at loan closing (and remained married)
• You were named as a non-borrowing spouse in the loan documents
• The home is your primary residence
• You continue to meet the program’s ongoing requirements

Important: While an eligible non-borrowing spouse can stay in the home (and defer repayment of the loan balance), they cannot access loan funds.

For HECM loans with case numbers issued before August 4, 2014, additional rules may apply.
Always check with your servicer or loan officer for your specific situation.

09/25/2025

A new GOBankingRates study shows the average retirement savings balance tops $315,000 in all 50 states — with New Hampshire leading the way at $512,781 and Utah ranking last at $315,160.

Nationwide, the average savings balance is $429,525.
Where does your state rank?

Read now: https://hubs.la/Q03Jl3vq0

09/23/2025

Today’s reverse mortgage loans come with built-in protections to help older homeowners succeed long-term. One of the most important? The Life Expectancy Set-Aside (LESA).

A LESA sets aside funds from the loan to cover property charges like taxes and insurance—helping borrowers stay on track and in their homes.

Read our blog article to learn:
- What a LESA is and how it works
- When a lender may require one
- Why some borrowers choose one voluntarily

Read now: https://hubs.la/Q03Jl3jW0

09/18/2025

Join us for Silver and Sold—a power-packed webinar designed to help real estate professionals thrive in the fast-growing 55+ market. Learn how to meet the unique needs of Boomer buyers and sellers, and discover tools that turn opportunity into closings.

What You’ll Gain:
• Proven strategies for effectively communicating with older-adult clients
• Key insights into downsizing, relocation, and accessing home equity
• A first-hand look at Fairway’s 55+ Realtor toolset including H4P/Reverse for Purchase loans
• New referral opportunities with trusted mortgage professionals

Register now!
https://hubs.la/Q03HYjYs0

09/16/2025

With a HECM reverse mortgage using a line of credit, repayment can be deferred—no monthly principal and interest payments are required (though property taxes, insurance, and home maintenance must still be paid). That frees up valuable cash flow in retirement.

But here’s a strategy many don’t know:

Voluntary prepayments—when made—don’t just reduce the loan balance. They also expand the available line of credit. And yes, that available credit grows over time at the same compounding rate as the loan balance.

That means greater borrowing capacity in the future.

So whether you defer or pay down strategically, a HECM puts control in your hands:
- Defer repayment to preserve savings
- Prepay to reduce balance and grow borrowing power
- Access funds only when needed

It’s not either-or. It’s a flexible tool built for retirement.

09/11/2025

If you’re caring for both young kids and aging parents your time—and your finances—are likely stretched thin.
Per the 2025 Annual Retirement Study* from the Allianz Center for the Future of Retirement:
- 75% say it’s hard to juggle everyone’s financial needs
- 59% say they’ve cut back on retirement savings
- 76% say it feels like a full-time job
Read study here: https://hubs.la/Q03HLfL70
But what if home equity could help?
Reverse mortgage solutions can turn built-up equity into flexible funds—without adding monthly payments. Just keep up with property charges like taxes and insurance.
Because caring for your family shouldn’t cost you your future.
Let’s explore what’s possible.

09/09/2025

More than half of older Americans fear they won’t have enough to last through retirement—and many are still managing debt or helping family.
For homeowners 62+, housing wealth may be an overlooked solution to help bridge the gap. A reverse mortgage could offer flexible access to equity for key needs like rising healthcare, inflation, or just peace of mind.
Explore your options and protect your retirement plan.

09/04/2025

Thinking about tapping your home equity? Not all options are created equal.
While Home Equity Conversion Mortgages (HECMs) have decades of federal protections and flexible repayment, newer Home Equity Investments (HEIs) may sound simple—but can carry hidden risks and steep long-term costs.
Our latest guide breaks it down: HECM vs HEI—what you need to know to protect your home and your future.
Read the full comparison here: https://hubs.la/Q03Fh4WQ0

This guide breaks down the difference between Home Equity Conversion Mortgages (HECMs, reverse mortgages) and Home Equity Investments (HEIs). It highlights potential risks and helps you make a more informed decision about how best to leverage your home’s value.

08/28/2025

Join us for a free 1-hour webinar featuring real Fairway clients who used a reverse mortgage for purchase (H4P) loan to buy the home they really wanted—without sacrificing cash flow.

Learn how an H4P loan helped them:
• Never make a monthly mortgage payment (must still cover property-related taxes, insurance, and upkeep)
• Preserve liquid assets by avoiding an all-cash purchase

Register now!
https://hubs.la/Q03B_h2t0

08/26/2025

A HECM-to-HECM refinance can replace your current reverse mortgage with a new one—paying off your existing HECM and eligible liens. You’ll also cover any refinance-related costs. A common reason a homeowner may choose to do a HECM-to-HECM refinance is their property value has appreciated, or they made renovations, and they are looking to access additional funds.
Contact us to explore your options and see if there’s a bona fide advantage that makes it worth it.