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Reverse Mortgage Dallas

Before Application

Again, a confidential consultation with one of our specialists will help us understand your needs and future goals. We can layout simply what will take place, what is necessary and provide you with the tools necessary to make sure everything is clear. You will receive program comparisons, cost and fee breakdowns should you choose to move forward with a Reverse Mortgage. This is a NO Obligation consultation!

Reverse Mortgage Dallas

Required HUD Counseling Session

A HUD approved counseling session is an important beginning step. HUD counseling will give you additional education and direction. These counselors are trained and certified for reverse mortgages. Most sessions are conducted on the phone and usually take about 45 minutes. Counseling can also be in person. Upon completion, you will receive a certificate signed by your counselor signifying your ability to move forward. They will go over every point and are un-biased. They will also go over your personal circumstances and make sure you have been given all the tools necessary to make a final decision.

HECM Reverse Mortgage

A Home Equity Reverse Mortgage (HECM) is a type of home loan that lets seniors convert a portion of the equity in your home into cash, if you are 62 years of age or older and your home is your principal residence. No monthly loan payments are required and this alone can provide much less stress when paying monthly living expenses.

Jumbo Reverse EquityPower

EquityPower, is Nationwide Equities’ private reverse mortgage product for homeowners age 62 years and older* who own high valued homes. EquityPower, caters to borrowers looking for higher loan limits, lower costs, and more flexibility.

HECM for Purchase

If you are considering the purchase of a new home, using a reverse mortgage program may be a very smart decision. It’s called the HECM for Purchase. HECM stands for Home Equity Conversion Mortgage and this program was released January 1, 2009. It quickly gained popularity as folks realized the program has many benefits. Homeowners 62 and older can purchase a home without the burden of monthly loan payment. *Actual payment will be greater because the homeowner is responsible for the payment of property taxes, homeowner’s insurance and home maintenance costs.  Failure to make these on-going property charges or satisfy other obligations of the loan will cause the loan to become due and payable and may lead to foreclosure.