Reverse Mortgage Companies Texas

San Antonio Texas

San Antonio Texas

Are you a retiree living in San Antonio Texas? Are you having trouble making ends meet? If so, a reverse mortgage may help you to improve your quality of life. While reverse mortgages are not right for everyone, they have helped many homeowners to enjoy a more comfortable, stress-free life in their senior years. Sometimes, it doesn’t matter how hard you have worked or how thoroughly you have tried to prepare for retirement. The cost of living is high, the economy is sluggish, and even those who have worked their entire lives and saved for retirement can find themselves struggling financially. If you are at least sixty-two years of age and own your own home, a reverse mortgage could help you to convert some of the equity in your home into cash and ease your financial burden.

Not Just for Retirees

San Antonio TexasMany retirees in San Antonio Texas choose to work with reverse mortgage lenders, but you don’t necessarily have to be retired in order to do so. Nor do you have to use the proceeds from your reverse mortgage loan toward your retirement. In fact, proceeds from reverse mortgage loans can be used for just about anything. Many people use the money they receive to complete necessary repairs on their homes or even to tackle that remodeling job they’ve always dreamed of. Others use the money as a way to avoid an impending foreclosure, to get out of debt, to take care of necessary home expenses, or to pay for medications and/or other healthcare related needs. You could even use your money to take that dream vacation or buy a new car; it’s your money, and it’s your choice.

Understanding Reverse Mortgage Rates

Your reverse mortgage rate includes many different fees, such as closing fees and interest in San Antonio Texas. You can get an estimate of what you’ll have to pay (and how much you can receive) by using a reverse mortgage calculator. It is important to understand that, at the end of the loan period, you will have to pay back more than just the amount borrowed; how much more will depend on several different factors. The good news, though, is that you are only charged interest for the loan funds that you actually receive. You do not have to pay the interest during the life of the loan; it is only after you sell your home or cease to live in it as your primary residence that you will have to begin paying back the loan amount and the interest you have accumulated. The longer you have your loan, the more interest you will have to pay.


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Texans Are Ready for Reverse Mortgages But HUD Isn't.(Government Activity): An article from: National Underwriter Property & Casualty-Risk & Benefits Management
Book (The National Underwriter Company)

Bankruptcy

2002-02-04 12:03:42 by losers

Not long ago, the leader of a group of local investors who together owned 18 million shares of Global Telesystems Inc. called to proclaim that they'd won a major victory in bankruptcy court in Delaware.
The bankruptcy judge put a hold on plans to sell the Arlington company's European fiber-optic network for $568 million, giving stockholders 30 days to see if they could scare up a better offer.
Global's Ebone network, the biggest in Europe, was worth 10 times that much only a couple of years ago, the dissident shareholder said. A higher offer was sure to come, he said, and speculators who had been buying the bankrupt company's stock for as little as a penny a share were going to make a bundle


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  • Avatar jorie_75835 Where in Texas can you apply for a reverse mortgage?
    Jul 18, 2006 by jorie_75835 | Posted in Personal Finance

    Checking on local area in Houston County Texas where someone can apply and obtain a reverse mortgage on their home.

    • Jorie, You are in luck. Reverse mortgages are my specialty. My office is located in Fort Worth but one of the regions I cover is Houston. I am in the area every couple of weeks. I would be glad to help you. This is all I deal in and our company has done more reverse mortgages in the Southwest than any other company. If you would like I can send you some more information or get you started in the process. Please feel free to contact me. Thanks, Brandon Burns Toll Free -264-8916 bburns@griffinloans.com Griffin Financial Mortgage, LLC 1701 River Run Suite #308 Fort Worth, TX 76107