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of Texas

  Better Business Bureau member Equal Housing Lender
Learn more about reverse mortgage programs.
Learn if you are eligible to receive a reverse mortgage.
Learn the cost involved with a reverse mortgage.
Learn the fact from frequently asked questions.
Learn what is True and what is a Myth.
Learn from examples.
What are customers are saying about our services
Learn more today! Contact us.
Feel financially secure with a reverse mortgage!
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  1-800-617-8994
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John (J.S.) Mitchell, CPA, President
1-800-617-8994

Offices

Dallas/Ft. Worth - Houston - Austin/San Antonio - El Paso

Spanish Information

Ingreso Suplemental
Disponible Ahora!

Our Headquarters

100 Congress # 2000
Austin, TX 78701

Mortgage Broker ID

#50322 - John S . Mitchell, Mortgage Broker

Reverse Mortgage Calculator

Find out how much money you can get from a Reverse Mortgage.
Learn more...

24 Hour "Educator Hotline"

1-800-398-5720
Call our 24 hour hotline and learn the following:

  1. What is a Reverse Mortgage...in plain English
  2. Myths about Reverse Mortgages
  3. How much can you get from a Reverse Mortgage
  4. Advantages (and disadvantages) versus a regular home equity loan
  5. Differences between lenders - How to choose
  6. Who should not do a Reverse Mortgage
  7. Too good to be true?

Contact Us - Receive a Free Reverse Mortgage Packet

Call 1-800-617-8994 or e-mail us. We will impress you with our personal attention and our focus on making your experience with us great. (See "Customer Testimonials")

Who is Eligible?

Any person who is 62 or older and owns their own home or condominium qualifies for a reverse mortgage. There are no income or credit requirements to qualify. If you already have a mortgage on your home, that's OK. You qualify as well, but with the reverse mortgage proceeds you will have to pay off your existing mortgage.

The amount of money a person can realize from a reverse mortgage depends on the value of their home ( fair market value of home based on a current appraisal) and the exact age of the person. The prevailing interest rate at the time a reverse mortgage is obtained also affects the amount that a person can receive from a reverse mortgage.

Consumer Safeguards

In this U.S. Government program, HUD requires that you meet with a HUD approved credit counselor, who is approved to do reverse mortgage counseling. The counselor's job is to educate you about reverse mortgages, to inform you about alternative options available to you given your situation, and to assist you in determining which particular reverse mortgage product would best fit your needs if you elect to get one. This counseling session is at no cost to the borrower and typically takes 45 minutes to one hour. In most cities, there are numerous counselors so that you can find one that is convenient to you.



 
   
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