While there are some restrictions placed upon financial planners by broker dealers and investment advisor firms in terms of discussing reverse mortgage options with clients, another element that may get in the way of reverse mortgage solutions being presented is adequate education and awareness of how the product category can be leveraged as a tool […]
For a senior struggling with their home due to their mortgage being “underwater” — defined as the mortgage balance on a home exceeding its fair market value — a reverse mortgage could present a potentially viable option to unlock a home’s equity compared with other available options. This is according to reporters Ilyce Glink and […]
While the relationship between financial planner professionals and the reverse mortgage industry is evolving in a positive direction, there are still a number of things that the reverse industry can and should observe when aiming to facilitate connections with those planners as potential referral partners. This is according to a trio of financial experts discussing […]
Fairway Independent Mortgage Corp. and the National Association of Insurance and Financial Advisors (NAIFA) have entered into an educational partnership, which will position Fairway as a subject matter expert in NAIFA’s Limited & Extended Care Planning (LECP) Center, RMD has learned. The agreement will see Fairway provide educational materials for NAIFA-sponsored events like webinars, blog […]
Similarly to other companies across the reverse mortgage industry, the reverse division of Fairway Independent Mortgage Corporation has seen a noticeable rise in its volume since the onset of the COVID-19 coronavirus pandemic. That’s far from the only difference noted in the business during this unique time by Harlan Accola, Fairway’s national reverse mortgage director […]
Across the country, many reverse mortgage professionals believe that the ultimate path toward expanding the scope of the business runs through financial advisors, charged with presenting options and solutions to clients looking to improve their financial standing. While recent years have been filled with both forward momentum and occasional setbacks in reaching this goal, the […]
In its efforts to connect with a broader base of potential borrowers, the reverse mortgage industry has made a lot of sustained, concerted efforts to communicate to customers how a reverse mortgage might be able to help them, and why the product category may be worthy of consideration. This has largely been an uphill battle, […]
In light of the COVID-19 pandemic’s tightening, continued grip on the United States, some of the nation’s most prominent mainstream news outlets have turned their attention to the reverse mortgage product concept as Americans continue to seek financial relief after enduring the economic shock that the pandemic has caused. Because of the newfound financial stress […]
A reverse mortgage can be thought of as similar to a conventional mortgage, but where the “roles are switched,” according to a new column at Forbes. They’re best suited for seniors encountering mounting costs late in life and those without heirs, and are not well-suited for those who hope to leave their home to an […]
A reverse mortgage allows senior citizens to access the equity they’ve built up in their homes in order to access additional cash to accomplish certain goals. Whether that’s making ends meet during their post-working years, to finance a home improvement project, to pay for some kind of care or to tap a more stable resource […]
