Strategic Reverse Mortgages at Fairway Independent Mortgage Corp.

We know reverse mortgages.
Receive Money from Your Home Equity Which is Usually Tax Free*
A reverse mortgage is a loan that converts equity in your home into cash that can be used for many different purposes that can potentially enhance and extend your retirement plan. If you currently have a mortgage, a reverse mortgage could eliminate your current monthly mortgage payment and also allow you to access any additional equity (over and above your mortgage balance) to create accessible cash which is not readily available while in the form of equity in your home. You must still pay property taxes, homeowners insurance, and maintenance.

Fairway Independent Mortgage Corporation
FIMC NMLS#2289; Branch NMLS #1529829
Contact: Scott Breen, Reverse Mortgage Planner, NMLS #290475
Equal Housing Lender

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. Borrower is still responsible for paying property taxes, insurance and maintenance. Credit is subject to age, property and some limited debt qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change. **This advertisement is not tax, legal or financial advice. You should consult a tax, legal and/or financial advisor for your specific situation. Copyright©2017 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289. 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. 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. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately. 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. AZ #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. MA Mortgage Broker License #MC2289. Fairway Independent Mortgage Corporation is not a lender for reverse mortgage products in Massachusetts. Licensed Nevada Mortgage Lender. Licensed by the NJ Department of Banking and Insurance. Rhode Island Licensed Broker & Lender. Texas branch address: 1800 Golden Trail Court, Carrollton, TX 75010.

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