Reverse Mortgages
Houston Capital is dedicated to providing our customers the products and services they need for their long term financial well being.
We proudly announce the addition of the HUD Reverse Mortgage program to our product offerings !
What is a reverse mortgage?
A reverse mortgage is a special type of home loan that allows you to convert a portion of the equity in your home into your cash. The Home Equity Conversion Mortgage (HECM) is an FHA insured program, where seniors, 62 and older, can access the equity (cash) built up in their home, while retaining ownership. It is a safe plan that gives older Amercians greater financial security. Many seniors use it to supplement social security income, unexpected medical expenses, home improvements, and more. Unlike a traditonal mortgage, no repayment is made until the home is no longer used as your primary residence. To learn more, click here to visit the the HUD reverse mortgage website:
Borrower Requirements:
- Be 62 years of age or older
- Own your own home (with or without an existing loan)
- Occupy the home as your principal residence
- Participate in a onetime approved counseling session
Financial Requirements:
- No income or credit qualification required
- No monthly loan repayment as long as you live there
- Closing costs can be financed into loan
Email : slondon@houstoncapital.com
Click here to see how a reverse mortgage will benefit you !
Houston Capital Mortgage - 1717 Saint James Place #400 - Houston, TX 77056
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Telephone: (713) 787-6333
Toll Free : (800) 371-2079
Fax: (713) 787-9131
NMLS # 190475
Contact Stacy G. London, CMC - Managing Broker NMLS #203115
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