Understanding Reverse Mortgages: A Smart Option for Seniors
As people age, financial security often becomes a top priority. For many seniors, a reverse mortgage can be a valuable tool to enhance their retirement
A problem that many seniors are facing is a lack of funds in their retirement age. Even with all of their savings, they may find that they don’t have the money to pay off credit card debt. Or they may lack the funds to go on fun adventures. That shouldn’t be the case. If you want to enjoy your retirement in the ways that matter, then you should utilize the reverse mortgage services of South River Mortgage. We’ve been helping seniors in El Paso, TX improve their retirement. Here’s what you need to know about our reverse mortgage services in El Paso, TX.
Calculate How Much You Qualify For
Let's get you the best possible quote on a reverse mortgage. (Instant quote in just a few steps)
HUD-Approved Counseling Agencies in El Paso, TX
Counseling Agency Name | Phone number | Address | Website |
---|---|---|---|
DALLAS COUNTY HOME LOAN COUNSELING CENTER | 214-819-6060 | 2377 N Stemmons Fwy Ste 724 Dallas, Texas 75207-2710 | http://www.dallascounty.org/ |
NAVICORE SOLUTIONS- DALLAS, TX | 866-472-4557 | 17440 North Dallas Parkway Suite 134 Dallas, Texas 75284-0001 | http://www.navicoresolutions.org/ |
HOUSING OPPORTUNITIES OF FORT WORTH | 817-923-9192 | 1065 W Magnolia Ave Suite A Fort Worth, Texas 76104-4477 | http://housingoppsfw.com/ |
CREDIT COALITION | 713-224-8100 | 3300 Lyons Ave # 203A Houston, Texas 77020-8252 | https://www.creditcoalition.org/ |
MONEY MANAGEMENT INTERNATIONAL INC. | 866-232-9080 | 14141 Southwest Fwy Sugar Land, Texas 77478-3493 | http://www.moneymanagement.org/ |
It’s possible to grow your wealth by taking out a reverse mortgage in El Paso, TX. The idea of anything to do with a mortgage may not make sense in terms of making money. Yet a reverse mortgage is different from a standard mortgage.
With standard mortgages, there’s a set amount of money that you need to pay back each month. A reverse mortgage pays you a set amount of money each month instead. Our reverse mortgage lenders can explain how your reverse mortgage in El Paso, TX is based on your equity specifically.
Most seniors have a lot of equity in their homes, which qualifies them for the reverse mortgage. If you don’t plan to move, then you’re not properly utilizing your equity. It’s money just sitting there.
Our reverse mortgage brokers in El Paso, TX can help you access your equity. You can choose either to receive monthly installments or a line of credit, depending on your needs.
A reverse mortgage in El Paso, TX can be enough money to pay off your credit cards, have a fun adventure, or may even attempt to grow your wealth by investing it. No matter what your plan may be, we have reverse mortgage options in El Paso, TX for you.
Where you get your reverse mortgage services is important. There are plenty of reverse mortgage brokers in El Paso, TX, our brokers are here to make sure you can enjoy your retirement. No matter what reverse mortgage option you choose, you can always expect rates catered to your individual needs from us.
Talk to Our Reverse Mortgage Brokers Today
Start earning more wealth today by giving us a call.
Why South River Mortgage?
South River Mortgage is a leader in reverse mortgages in Los Angeles, California. South River Mortgage has an expert staff of loan advisors and always gives back to the community.
Proprietary Loan Programs
South River Mortgage has many proprietary loan programs that allow South River Mortgage to qualify many borrowers who would otherwise be ineligible or denied for a reverse mortgage loan. For this reason, South River Mortgage is a top rated reverse mortgage company
South River Mortgage Gives Back
We believe in giving back to the communities we operate in, and we believe in helping seniors. This is why South River Mortgage sponsors hundreds of AARP memberships annually and participates in company-wide volunteer days.
Expert Loan Advisors
All staff members treat clients as we would treat our own family members. Our expert loan advisors go through a thorough guided training program, complete continuing education annually, and are well-regarded as the experts in the field.
How a Reverse Mortgage Works
Speak to a Reverse Mortgage Advisor
Have questions about the reverse mortgage? Are you not sure if this is the right program for you? Speak with one of our trusted reverse mortgage advisors today
Recommended Articles
Understanding Reverse Mortgages: A Smart Option for Seniors
As people age, financial security often becomes a top priority. For many seniors, a reverse mortgage can be a valuable tool to enhance their retirement
Understanding How Interest is Calculated on a Reverse Mortgage
As more seniors explore the benefits of reverse mortgages, it’s essential to understand how interest is calculated on these loans. Unlike traditional mortgages, where borrowers
Common Misconceptions About Reverse Mortgages and Why They Are Untrue
Reverse mortgages are often misunderstood and surrounded by various myths and misconceptions. As a financial product designed primarily for seniors, reverse mortgages can be an
Can You Run Out of Money with a Reverse Mortgage?
As homeowners age, many look for ways to supplement their income and enhance their retirement lifestyle. One popular option is a reverse mortgage, which allows
Reverse Mortgage vs. Conventional Cash-Out Refinance
Introduction Homeowners looking to tap into their home equity have two primary options: a reverse mortgage or a conventional cash-out refinance. Both financial products offer
Financial Challenges Facing Seniors in Retirement
Financial Challenges Facing Seniors in Retirement: Navigating a Complex Landscape Introduction Retirement is often envisioned as a period of relaxation and enjoyment, but for many
Testimonials from Working with South River Mortgage
© South River Mortgage, All Rights Reserved NMLS#1854524 1750 Forest Drive Suite #195, Annapolis, MD 21401. These materials are not from HUD or FHA and were not approved by HUD or a government agency.