Loan Officer-Reverse Mortgage Planner, NMLS-58151
Fairway Independent Mortgage Corporation
Shain Urwin’s role as a Reverse Mortgage Planner is to help seniors better navigate their retirement. Shain educates seniors about the use of a HECM reverse mortgage insured through the Federal Housing Administration (FHA) that enables seniors to help manage their ever-increasing living expenses. For seniors 62 and older, a reverse mortgage, the most common of which is the HECM (Home Equity Conversion Mortgage), is a way to turn a portion of the equity in your home into cash without having to make monthly mortgage payments. As long as all loan terms are met, the loan becomes repayable when the last borrower leaves the home. As part of the loan, the borrower is required to continue paying property taxes and insurance and maintain the home.