Living in a Home You Love While Creating a Legacy

Randy Hylton is a retiree who lives in a new construction home in a planned community in Florida. By using a Home Equity Conversion Mortgage for Purchase (HECM or reverse mortgage) loan, Randy was able to buy a nicer home than he otherwise could have.

But the most important thing for Randy is the monthly mortgage payment. By using a HECM to purchase his home, he does not have to worry about monthly mortgage payments; he only needs to pay the property charges like taxes and upkeep. And with funds from his reverse mortgage, he was able to set things up so that when he passes, his son may own the house free and clear.

As for working with us, Randy says, “Without Fairway, I would not have been able to afford a house like this. To live here with no monthly payments and it’s all taken care of—I’m in heaven.”

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