Understanding How a Reverse Mortgage is Paid Back
A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, can be a valuable financial tool for seniors seeking to access their home
After working for years, you deserve some time to relax and enjoy life. For the best retirement experience consider taking out a reverse mortgage. At South River Mortgage, you can expect excellent services and knowledgeable reverse mortgage brokers to help you figure out your reverse mortgage. Here’s what you need to know about our reverse mortgage services in San Antonio, Texas.
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HUD-Approved Counseling Agencies in San Antonio, 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/ |
As owners of a home, you’re likely familiar with how a standard mortgage works. You take out a large loan to cover the cost of a home. For a set number of years, you pay back that loan with a certain interest included. A reverse mortgage is similar to that set-up, except that it pays you.
A reverse mortgage takes a loan out based on your home’s equity. For seniors, a reverse mortgage can offer the perfect solution to earning more money every month. Your home’s equity could be worth thousands of dollars. If you never sell your home, then you’re never going to access those hard-earned funds.
Our reverse mortgage lenders in San Antonio, Texas can help you understand why and how a reverse mortgage can help your situation. It’s an easy way to make money every month.
Perhaps the best thing about our reverse mortgage solutions in San Antonio, Texas is that you don’t have to pay it back within your lifetime. Instead, your estate handles the payments after you pass by selling the home or refinancing.
Finding the right financial solutions during retirement isn’t easy. Our reverse mortgage lenders in San Antonio, Texas offer something different. We’re unlike the other reverse mortgage brokers because we offer low rates for our borrowers.
We want to make sure that if you choose our solutions, your estate can easily pay off the loan later. We want to give you the best opportunity to grow your wealth.
To see how our mortgage solutions can help you in San Antonio, Texas, give us a call. It’s possible to grow your wealth in retirement. Call us today.
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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