Best Reverse Mortgage Companies in Texas

texas reverse mortgage

Home Equity Conversion Mortgage (HECM)

Texas Reverse Mortgage, Inc.
The ONLY product we provide is the
Texas Reverse Mortgage!

Robert L. Wade CPA
NMLS #268922
6626 Silvermine Dr., Ste. 500
Austin, TX 78736
Tel: 512-288-7777 | Fax: 877-288-0294

Request Information


At Texas Reverse Mortgage, Inc. the ONLY product we provide is the Texas Reverse Mortgage. 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.


What is a Home Equity Conversion Mortgage (HECM)?

ROBERT WADE, Reverse Morgage SpecialistThe Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program, which enables you to withdraw some of the equity in your home. Home Equity Conversion Mortgage or HECM is only available through an FHA approved lender.

The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program, which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, make home improvements and more.

When it comes to Texas 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.
We provide Reverse Mortgages only in TEXAS. By this approach we are able to keep current with market conditions and values in most Texas cities and also in rural areas. This also allows us to know and select the best support professionals in Texas. Texas Reverse Mortgage is not a CPA firm.

Reverse Mortgages

A Texas 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.

VETA bill: H.R. 2910/S. 1718 today

2007-07-10 16:49:46 by rewinn

"The VETS bill addresses the loopholes that have faced tens of thousands of veterans such as Todd Bowers, IAVA's Director of Government Affairs. He returned from a second tour of duty in Iraq, only to confront serious hardship. "I was almost finished with my summer semester at a private university when I was deployed right before my finals. The school did not offer me a refund or give me the option to take my finals early or repeat the course when I returned. A withdrawal notation was placed on my transcript. When I returned home I was given only a limited period of time to take my finals and my grades suffered accordingly

You might also like:

Mortgage Rates Texas - Best Rates 972 …
Mortgage Rates Texas - Best Rates 972 …
Texas Reverse Mortgage - Find …
Texas Reverse Mortgage - Find …

Existing Home Sales Fall For 3rd Straight Month In November  — Forbes
“Home sales are hurt by higher mortgage interest rates, constrained inventory and continuing tight credit,” said Lawrence Yun, NAR chief economist. “There .. this week were the more timely Commerce Department report on housing starts (groundbreaking ..

New-home boom: demographics bode well for new-home demand. New immigrants and aging boomers are pacing a red-hot market. Affordability problems and ... Outlook): An article from: Mortgage Banking
Book (Mortgage Bankers Association of America)

Related posts: