Michael Inkman

Fairway Independent Mortgage Corporation

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  • About
    • About Michael
    • Testimonials
  • Types of Loans
  • Mortgage Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Get Pre-Approved Now!
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • FAQs
  • Blog
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Home Archives for Home Equity

Michael Inkman July 5, 2023

Tapping Housing Wealth To Help Fund Long-Term Care

If you’re in or nearing retirement, you may be worried about risks that can drain your savings faster than you ever projected and compromise your monthly cash flow and desired retirement lifestyle.

Spending surprises (e.g., unforeseen need to help family members, divorce, rising health care costs, changes in public health coverage that restrict eligibility, home repairs and long-term care needs) can throw a wrench into a retiree’s cash flow strategy. And inflation—now a top concern for many seniors—can erode the purchasing power of savings over time. read more

Filed Under: Mortgage Tips Tagged With: Home Equity, long-term care

Michael Inkman May 25, 2023

What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

A reverse mortgage and a home. equity conversion mortgages (HECM) are both types of loan products that allow homeowners to tap into the equity they have built up in their homes. However, there are some important differences between the two.

Filed Under: Mortgage Tagged With: Home Equity, Mortgage, Reverse Mortgage

Michael Inkman April 7, 2023

A Home Equity Loan Versus A HELOC

If you are looking for a quick source of cash, you may have been told that you can tap into the equity in your home. If you have at least 20 percent equity in your home, you can borrow against that equity at a relatively low-interest rate for a quick source of funding. You might be deciding whether to apply for a home equity loan or a home equity line of credit, which is usually shortened to HELOC.

Filed Under: Mortgage Tagged With: HELOC, Home Equity, Mortgage

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Michael Inkman

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