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
Debbie Schultz is our reverse mortgage specialist, and has been in mortgage lending for over 30 years. She is motivated by her desire to help seniors meet their financial goals and needs. Reverse lending requires unique training and expertise, as well as integrity and passion. Debbie excels in this arena, as she consistently provides her clients with ideal and creative solutions for their long term needs.
Contact Debbie by phone at: (713) 594-1089.
Click here to learn more about her.
Email her at dschultz@houstoncapital.com
Click here to see how a reverse mortgage will benefit you !
|
