"My house has been my home for most of my life. I can't leave, but I can't afford to stay."
How It Works
You live in a home that you've watched increase in value for years. You find it difficult keeping up with bills and healthcare expenses. You're faced with a dilemma: sell the house - your home, which really doesn't have a price tag - or continue to live in it and watch your financial burden increase. Now imagine this dilemma resolved.
Enter the reverse mortgage loan
A reverse mortgage allows you to draw on a portion of the equity in your home without having to sell it. A "reversal" of a conventional mortgage where you would pay monthly principal and interest payments, a reverse mortgage is a loan that may allow you to receive monthly payments. The loan is repaid when you either sell your home, the last borrower (or eligible non-borrowing spouse) passes away or no longer live there as their principle residence*. As a borrower you must continue to pay property related fees, taxes and insurance, and must maintain the home in good condition. You can use the cash payments as you wish: to supplement your retirement income, make home improvements, pay bills, or vacation. It's all up to you.
Deciding whether or not to go forward with a reverse mortgage is a big decision. If you are still learning about reverse mortgages call us at 817-786-8540 and we can answer all your questions.
You lose your home
It's only for broke people
It's free money
My equity isn't safe
You retain title to your home*
Many retirees use a reverse mortgage
It's a specialized loan
Your equity is not subject to the housing market.
Reverse mortgages that are FHA-insured (Home Equity Conversion Mortgages) are insured by the Federal Housing Administration providing protections for both borrowers and lenders
Get Started Here!
*There are some circumstances that will cause the loan to mature and the balance to become due and payable and the home may have to be sold to repay the debt. Borrower is still responsible for paying property taxes and insurance, maintenance costs, and otherwise complying with the loan terms. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Loan rates, fees, terms and conditions are not available in all states and subject to change.
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Our Happy Clients
"I wanted to let you know how impressed I was with the job everyone did at your company. I have refinanced several times in the past and usually pick the company that has the lowest rates. Of course I did the same when I chose your company. However, this time I received great service to go with the low rate."
"I just wanted to thank you for constantly following up with me. The last time I refinanced it seemed as if I always had to follow up with the mortgage company. Thanks for staying on top of everything and keeping things moving forward."
"Your company was so much more professional than the last mortgage company I used. Every question I asked was answered honestly and accurately. I would recommend you to anyone."