Copyright©2018 Fairway Independent Mortgage Corporation ("Fairway") NMLS#2289.http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289.4750 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. Youngest borrower must be at least 62 years old.Your monthly reverse mortgage advances may affect your eligibility for some other programs.At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage with interest from your assets.We will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which we will add to the balance of the reverse mortgage loan.The balance of the reverse mortgage loan grows over time and interest will be charged on the outstanding loan balance.You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and you are therefore responsible for paying property taxes, insurance, and maintenance and related taxes.Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may subject the property to a tax lien or other encumbrance or to possible foreclosure.Interest on reverse mortgage is not deductible to your income tax return until you repay all or part of the reverse mortgage loan. 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. Fairway is required to provide the following licensing information: AZ License #BK-0904162. Licensed by the Department of Business Oversight under the California Finance Lenders Law. Loans made or arranged pursuant to a California Finance Lenders Law License. Real Estate Broker _ CA Bureau of Real Estate Company License #01391174. Georgia Residential Mortgage Licensee. GA Mortgage Lender License #21158. Fairway Independent Mortgage Corporation is not a lender for reverse mortgage products in the State of Massachusetts. Illinois Residential Mortgage Licensee. MA Mortgage Broker License #MC2289. Licensed Nevada Mortgage Lender. Licensed by the NJ Department of Banking and Insurance. TX Location: 1800 Golden Trail, Carrollton, TX 75010.
This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.