Are you curious about the options available to turn the equity you have accumulated in your home into cash? You see the ads and read the news, but do you know the facts as they apply to your specific situation? For many Texas seniors aged 62 and older, a reverse mortgage can help you secure your finances and ensure financial stability for many years to come.
I help Dallas / Fort Worth area Senior homeowners with information and questions regarding obtaining a reverse mortgage loan. If you have rejected looking into a reverse mortgage as a credible financial option in the past due to your own preconceived beliefs, or the opinions of those around you, now's a good time to research them further. Recent changes to the product have resulted in reverse mortgages becoming a safer and more responsible retirement tool.
As an experienced reverse mortgage professional, I will help you determine whether or not a reverse mortgage is a good fit, and if so, what are the best options for you based on your specific circumstances.
I help Dallas / Fort Worth area Senior homeowners with information and questions regarding obtaining a reverse mortgage loan. If you have rejected looking into a reverse mortgage as a credible financial option in the past due to your own preconceived beliefs, or the opinions of those around you, now's a good time to research them further. Recent changes to the product have resulted in reverse mortgages becoming a safer and more responsible retirement tool.
As an experienced reverse mortgage professional, I will help you determine whether or not a reverse mortgage is a good fit, and if so, what are the best options for you based on your specific circumstances.
Services
Over the past several years, reverse mortgages have grown in popularity.
Texas is one of the top states for reverse mortgage growth in the United States.
We all hear the reverse mortgage commercials on TV, but do we know exactly what reverse mortgages really are?
And more importantly, is a reverse mortgage something that is safe and can help me improve my life?
You will be required to complete a counseling session with a HUD-approved counseling agency.
You must be financially able to pay your property taxes, insurance, home maintenance, and any related HOA fees.
Texas is one of the top states for reverse mortgage growth in the United States.
We all hear the reverse mortgage commercials on TV, but do we know exactly what reverse mortgages really are?
And more importantly, is a reverse mortgage something that is safe and can help me improve my life?
You will be required to complete a counseling session with a HUD-approved counseling agency.
You must be financially able to pay your property taxes, insurance, home maintenance, and any related HOA fees.
The first step in obtaining a reverse mortgage is to select a lender that will work closely with you during the process.
Your reverse mortgage lender should be experienced and knowledgeable about the industry.
Reverse mortgages are not the same as traditional forward mortgages; they require the expertise and experience of someone who specializes specifically in them.
Reverse mortgages are all we do; they're our only business.
Do not obtain a reverse mortgage from individuals or companies who want to re-invest your reverse mortgage proceeds as this may not be in your best interest.
Your reverse mortgage lender should be experienced and knowledgeable about the industry.
Reverse mortgages are not the same as traditional forward mortgages; they require the expertise and experience of someone who specializes specifically in them.
Reverse mortgages are all we do; they're our only business.
Do not obtain a reverse mortgage from individuals or companies who want to re-invest your reverse mortgage proceeds as this may not be in your best interest.
One of the most attractive benefits of reverse mortgages is that no monthly mortgage payments are ever required.
You will need to pay all taxes, insurance, maintenance, and HOA dues if any are required.
You can choose to roll your closing costs into the loan which means minimal or no out of pocket costs.
Social Security and Medicare benefits are not affected because this is a loan and is not considered income.
You can sell your home if you decide to do so, and any future appreciation is yours after the loan is paid.
You will need to pay all taxes, insurance, maintenance, and HOA dues if any are required.
You can choose to roll your closing costs into the loan which means minimal or no out of pocket costs.
Social Security and Medicare benefits are not affected because this is a loan and is not considered income.
You can sell your home if you decide to do so, and any future appreciation is yours after the loan is paid.
3 Pay routine monthly expenses.
4 Cover unexpected expenses, emergencies, or costs incurred during a life transition without dipping into savings or other assets.
5 Maintain a line of credit that can be used as needed.
6 Build a cash reserve that will sustain you through investment market fluctuations and give you the flexibility needed to weather market trends.
7 Replace your salary and generate new income by combining life tenure payments with Social Security and income generated by assets.
8 Avoid monthly mortgage payments when you buy a new home by combining the proceeds of a reverse mortgage with the sale of another home.
4 Cover unexpected expenses, emergencies, or costs incurred during a life transition without dipping into savings or other assets.
5 Maintain a line of credit that can be used as needed.
6 Build a cash reserve that will sustain you through investment market fluctuations and give you the flexibility needed to weather market trends.
7 Replace your salary and generate new income by combining life tenure payments with Social Security and income generated by assets.
8 Avoid monthly mortgage payments when you buy a new home by combining the proceeds of a reverse mortgage with the sale of another home.
In 1975, I graduated from Southwestern University, in Georgetown, Texas with a BBA in business and economics.
I have over 40 years of business experience, primarily in the financial services industry.
Twenty years of my work experience have been in mortgage lending, of which the last three have been spent exclusively in the specialty of reverse mortgages.
I have an "old school" attitude toward helping people.
I have a servant heart and helping people is my passion and life goal.
I feel and believe that these types of financial decisions need to be one-on-one, face to face, and eye to eye.
I have over 40 years of business experience, primarily in the financial services industry.
Twenty years of my work experience have been in mortgage lending, of which the last three have been spent exclusively in the specialty of reverse mortgages.
I have an "old school" attitude toward helping people.
I have a servant heart and helping people is my passion and life goal.
I feel and believe that these types of financial decisions need to be one-on-one, face to face, and eye to eye.
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