A Reverse Mortgage can help you receive a lump sum payment along with monthly income to help you live a better lifestyle and help with monthly commitments. Please contact us and setup a free consultation so that we can show you what benefits you can receive with a reverse mortgage. Eligibility is based on your age (the youngest homeowner must be over 61) and have qualifying equity in your home.
Visit our knowledge center to learn more about how a reverse mortgage can improve you financial stability.
Visit our knowledge center to learn more about how a reverse mortgage can improve you financial stability.
Services
Douglas P. Quinn (Doug) is a leading Residential Mortgage Loan Originator with Caltex Funding, LP in Texas.
Doug's resources and creative abilities are unmatched.
What distinguishes Quinn from the mass of people and big banks providing reverse mortgage loans is that he is a seasoned professional, with 15 years experience helping people gently through the reverse mortgage process.
He knows how to find a way to get loans closed, when many loan officers and big banks cannot.
Mr. Quinn owned and founded AmeriFinance, formerly Acquisition Management, Inc., in 1985 in conjunction with his accounting, tax, and business consulting practice.
Doug's resources and creative abilities are unmatched.
What distinguishes Quinn from the mass of people and big banks providing reverse mortgage loans is that he is a seasoned professional, with 15 years experience helping people gently through the reverse mortgage process.
He knows how to find a way to get loans closed, when many loan officers and big banks cannot.
Mr. Quinn owned and founded AmeriFinance, formerly Acquisition Management, Inc., in 1985 in conjunction with his accounting, tax, and business consulting practice.
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.
A reverse mortgage allows you to draw on 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.
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.
A reverse mortgage allows you to draw on 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.
No, with a reverse mortgage you still own your home and are still responsible for taxes and insurance.
A reverse mortgage doesn't affect home equity any differently than any other type of negatively amortized mortgage.
Since you aren't making payments the loan balance will grow through negative amortization, but this amount is calculated for you based on your loan amount so that you can understand what each month or year does to your equity.
As far as the future equity that is building in your home a reverse mortgage does not effect this at all.
A reverse mortgage doesn't affect home equity any differently than any other type of negatively amortized mortgage.
Since you aren't making payments the loan balance will grow through negative amortization, but this amount is calculated for you based on your loan amount so that you can understand what each month or year does to your equity.
As far as the future equity that is building in your home a reverse mortgage does not effect this at all.
Step One is scheduling a free consultation and letting a representative go over all that's involved with a reverse mortgage.
At this time we will explain eligibility and how a reverse mortgage could benefit you.
You will be given a list of HUD approved counselors.
Next, you will schedule an appointment with one of them.
The counseling agency will send you documents that need to be completed.
Once completed they will review the documents.
Then they will explain the details of a Reverse Mortgage again.
At this time we will explain eligibility and how a reverse mortgage could benefit you.
You will be given a list of HUD approved counselors.
Next, you will schedule an appointment with one of them.
The counseling agency will send you documents that need to be completed.
Once completed they will review the documents.
Then they will explain the details of a Reverse Mortgage again.
Our staff is here for you, so please do not hesitate to contact us if you have any questions, problems or maybe a suggestion.
We would love to hear from you.
You can reach us by filling out the form on the right, or meet with us in person on the address below.
Just make sure you call us first.
Contact information is shown below.
We would love to hear from you.
You can reach us by filling out the form on the right, or meet with us in person on the address below.
Just make sure you call us first.
Contact information is shown below.
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