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
If your social security isn’t covering your monthly expenses, then you need new solutions. Taking out a payday loan or another kind of personal loan may not cut it. You need something different. At South River Mortgage, we offer the best reverse mortgage solutions for seniors in Houston, Texas. Here’s what you need to know about our reverse mortgage company.
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HUD-Approved Counseling Agencies in Houston, Texas
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/ |
Reverse mortgage loans in Texas are different from other types of loans. A traditional mortgage requires steep payments that must be made each month, or you can risk losing your home. However, with a reverse mortgage, you can be eligible to get rid of your monthly payment and stay in your home. There may even be cash available to you. With a high-interest rate, paying them off may exceed what your social security brings in every month.
A reverse mortgage in Houston, Texas is different. For one, you don’t pay it back in your lifetime. Secondly, it’s based on the equity of your home. For many seniors, you may have a lot of equity built up in your home with no intention of ever moving. That money is just sitting there and going to waste.
A reverse mortgage in Houston, Texas allows you to access those funds and use them. Our reverse mortgage lenders have helped thousands of seniors in Houston, Texas unlock financial freedom through a reverse mortgage. If the idea of bringing home even more money each month is appealing to you, then you need to contact our reverse mortgage brokers in Houston, Texas.
Seniors typically use the money they receive from their equity to pay off debts, make big purchases, or even invest. It’s an opportunity to get ahead and enjoy your life.
When choosing different reverse mortgage lenders, you would be wise to select South River Mortgage. You’ll experience plenty of advantages by working with our reverse mortgage brokers in Houston, Texas. For one, you’ll have rates catered to your situation. Our company prides itself on offering our borrowers the lowest rates in Houston, Texas.
Another reason you should choose our solutions is because of our experience. You wouldn’t want to put your money in the hands of those who don’t know the first thing about mortgages. Our solutions are reliable, trustworthy, and expert.
Our reverse mortgage brokers will work with you every step of the process, to educate you on your reverse mortgage.
Try Our Services Today
If you’re curious to see how our reverse mortgage solutions can help you, then give us a call. You can rely on our team to explain all of our different solutions and how they can impact your financial situation.
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
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