Reverse Mortgage Houston Texas
When considering a Reverse Mortgage as a tool for planning for your future, having a provider with experience in handling reverse mortgages in Texas is essential. Texas laws are very different regarding HECM loans so having an experienced and knowledgeable broker to guide you through the process is indispensable.
Lone Star Reverse Mortgage, Inc., has been serving Texas homeowners and senior homeowners in Houston for over 15 years. We have helped over 750 Texas homeowners in obtaining reverse mortgages in order to convert the equity they have accumulated in their homes into cash they can use now.
With loan officers in Houston, Dallas and Austin we are available to personally meet with each client one-on-one to answer any question you may have and determine if a reverse mortgage is a right fit for your specific situation. Reverse Mortgages are not for everyone and our success comes from helping you find the right solution for your needs.
We will never pressure you to do a reverse mortgage if that is not what you need. If a reverse mortgage is not in your best interest we pledge to you we will not pressure you into doing one.
What are the Benefits of a Reverse Mortgage?
- No monthly mortgage payments are ever required. You must pay all taxes, insurance, maintenance and HOA dues if any are required.
- With a reverse mortgage, you own your home. The bank does not own your home, and the title stays in your name.
- Social Security and Medicare benefits are not usually affected because this is a loan and is not considered income.
- You can pay off credit card and/or medical bills. There are no limitations on how the funds from a reverse mortgage can be used.
- This is a non-recourse loan for you and your heirs. This means that the amount of repayment cannot exceed the value of the home.
- Reverse mortgages are highly regulated and have been proven to be safe and secure. The reverse mortgage program is insured and regulated by the FHA to protect consumers and their interests. The Home Equity Conversion Mortgage (HECM) is one of the most highly regulated mortgages available.
Call Brenda Bejarano at 281-884-3364 for a Free Detailed Quote
Lone Star Reverse Mortgage, Inc.– NMLS #769381