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Our mission is to set the highest standard in the Reverse Mortgage industry and be the best informed professionals in reverse mortgages. By only providing Reverse Mortgages we are focused on our common goal - to obtain the best program at the best rate that fits your needs. We will always adhere to the highest degree of integrity in all of our business dealings. Being eligible myself for a Reverse Mortgage gives me a unique perspective as to our customers' needs. We now offer ZER0 ORIGINATION FEE on our FIXED RATE Reverse Mortgage. When it comes to Reverse Mortgages, Education is the key. Our pledge to you is to complete the education process, so you are able to make an informed decision. We always encourage prospective clients to invite family members to be a part of the discussion with us during the education process. Texas Reverse Mortgage Network is not a CPA firm. |
Find the Reverse Mortgage Option to fit your needs:
Reverse Mortgages
A reverse mortgage is a home loan that lets homeowners convert a portion of the equity in their home into cash. The equity built up over years of mortgage payments can be paid to you. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence.
Am I Eligible?
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan; and must live in the home.
How Much Do I Get?
The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limits for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow.
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