WHAT
IS A TEXAS REVERSE MORTGAGE?
A Texas Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The Texas
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The Texas Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a Texas Reverse Mortgage you retain
the Title to your Home. That means with a Texas Reverse Mortgage
you can sell your Home at Anytime. A Texas Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A Texas Reverse Mortgage
does not affect Social Security and Medicare. With a Texas Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A TEXAS REVERSE MORTGAGE
• Educate yourself about a Texas Reverse Mortgage.
• Get a free information package about a Texas Reverse Mortgage.
• Speak with a qualified lender about your option of a Texas
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a Texas Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a Texas Reverse Mortgage.
• Upon reaching a decision to pursue a Texas Reverse Mortgage
complete an application with a qualified Texas Reverse Mortgage
Specialist.
• The Texas Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The Texas Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the Texas Reverse Mortgage you receive your
Tax Free Cash. |
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