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Texas Reverse Mortgages are our specialty. 1st USA Reverse Mortgage/The Valdez Group is not here to sell you products. We are here to help you find solutions to your needs. We understand that any Reverse Mortgage is a big decision and should not be taken lightly.
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Texas is constantly in the top 3 states for most number of reverse mortgage loans.. Houson, Dallas-Fort Worth, Austin, El Paso and San Antonio are among the.
A Home Equity Conversion Mortgage (HECM) is a federally guaranteed reversed mortgage program that allows seniors 62 years of age or older to tap into that equity. A reverse mortgage is designed to help seniors transfer some of the equity they have built into cash.
What is a reverse mortgage? A reverse mortgage is a loan that is available to seniors over the age of 62 which allows them to convert home equity into cash. Unlike traditional home loans, a borrower does not make payments on a reverse mortgage. The loan does not need to be paid until they no longer use the home as their primary residence.
A Home Equity Conversion Mortgage (HECM) is a reverse mortgage that is backed by the Federal Housing Administration (FHA). The HECM is the only type of reverse mortgage that is federally insured and currently makes up the large majority of reverse mortgages in the United States.
San Antonio Reverse Mortgages What are Reverse Mortgages Reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment.
One of the most popular reverse mortgages is called a Home Equity Conversion Mortgage, or HECM. It’s a product ensured by the Federal Housing Administration. To obtain and maintain your FHA-insured.
Texas Reverse Mortgage Companies. The lonestar state has a lot of seniors living in regions such as San Antonio, Houston, Austin and the Dallas-Fort Worth area. Texas is home to many seniors who enjoy the warm climate and low cost of living when compared to costal states in the U.S. A reverse.
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