Reverse Mortgages in Plano, TX

"Reverse Mortgages in Plano, TX for Seniors Only"

What We Do:

Reverse Mortgages in Plano, TX are an excellent financial tool to enhance your senior lifestyle in Plano, Texas. You can use the “tax free” money to supplement your regular income, pay medical bills, reduce debt, fund home improvements, travel and enjoy life.

What are Reverse Mortgages?

A reverse mortgage gives Plano, TX homeowners who are both age 62 and over the ability to access a portion of the equity in their home – normally between 33% and 55% - and turn that equity into a tax free proceed without having to sell their property or move out of their home.

A Reverse Mortgage is unique because the borrower does not make a monthly payment to the lender, principle or interest, during the life of the loan. In fact, the only financial responsibility the borrower has is:

1. The payment of property taxes,
2. The payment of homeowners insurance and
3. The general upkeep of the property

Don’t let the “reverse” confuse you – you are not selling your house to the lender and the lender does not get your house when you die. It’s your house and it’s your equity.

From a financial point of view, anyone in Plano, TX over the age of 62 should look at the options associated with a Reverse Mortgage. With no traditional credit or underwriting guidelines to worry about, it can be an ideal program for those who live on a fixed income and don’t welcome the possibility of changing their lifestyle – such as taking out a second mortgage or moving in with their children.

Best results occur when both borrowers are over 65 and own a home valued between $65,000 and $265,000. The should also be, at least, 70-80% paid off.

Business Services:

Reverse Mortgages

Specialties:

Reverse Mortgage Specialist, reverse mortgages, reverse morgage, reverse mortgage estimate, reverse mortgage lender, reverse mortgage information, reverse mortgage benefits, retirement planning, Financial Freedom, Senior homeowners, tax free income