Is Interest Tax Deductible On A Reverse Mortgage

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Does My Home Qualify For A Reverse Mortgage?

Does your home qualify for a reverse mortgage? And there’s a few things we look at for this. The first one is, is the home your primary residence? We cannot do a reverse mortgage on a vacation home or on an investment property. The home must be your primary residence. The second thing we look…

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How Much Can I Borrow On A Reverse Mortgage?

A question we get commonly on reverse mortgages, and that is how much money can I get on the reverse mortgage? The basic bottom line way to think about it is, it’s very low loan to value ratio, so the total loan amount versus the value of your property. The reason why is because the…

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What Is A Maturity Event With A Reverse Mortgage?

I wanted to explain an important term that you might have seen if you’re seeking a reverse mortgage and researching how they work called a maturity event. What a maturity event is, is this is referring to any event which may cause a reverse mortgage to be due and payable. This’ll happen in certain circumstances. I’m going…

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Is It Worth It To Pay PMI?

Is It Worth It To Pay PMI? One thing that’s a concern for home buyers right now is if you have less than 20% down payment you have to pay mortgage insurance or PMI. What is mortgage insurance? This is basically an insurance policy that ensures the lender in case you were to foreclose or…

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Fairway Independent Mortgage Corp.

(303) 670-0137
165 S. Union Blvd
Lakewood, CO 80228

Fairway Independent Mortgage Corp. NMLS# 2289
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Richard Baxter NMLS #395819, CO License #100034412
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