Office Locations
Dallas/Ft. Worth
Houston
San Antonio
Ausin - Corporate Headquarters
6500 Riverplace Blvd., Bldg #1,
Suite 200
Austin, Tx 78730
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THREE THINGS TO HELP YOU:
1. Contact Us - Receive a Free Reverse Mortgage Packet| Call 1-800-559-1032 or e-mail us. We will send you our "best in the business" consumer guide to reverse mortgages. You will appreciate how simple and understandable we make reverse mortgages.
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| 2. 24 Hour "Educator Hotline"
1-800-350-5875
Call our 24 hour hotline and learn the following: |
- What is a Reverse Mortgage...in plain English
- Myths about Reverse Mortgages
- How much can you get from a Reverse Mortgage
- Advantages (and disadvantages) versus a regular home equity loan
- Differences between lenders - How to choose
- Who should not do a Reverse Mortgage
- Too good to be true?
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| 3. Try our reverse mortgage calculator 
Find out how much money you can get from a Reverse Mortgage.
Learn more... |
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Myths
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The Bank owns my house.
False. The homeowner retains title to the property and can choose to sell the home at anytime. The homeowner retains all future appreciation in the home.
- I must have good income and credit to qualify.
False. A Reverse Mortgage has no income or credit qualifications. The qualifications are that you be at least 62 years of age, the home is your primary residence and that the home has enough equity.
- My children will be resposible for repayment of the Reverse Mortgage.
False. The Reverse Mortgage is a non-recourse loan, which means the bank can never come after any person or estate for repayment of the loan. The bank can only receive payment of the loan from the value of the home.
- To qualify my home must be "Free & Clear".
Not True. You may payoff a mortgage or equity loan with a Reverse Mortgage. In Fact many people get a Reverse Mortgage to payoff their current mortgage to eliminate their monthly payment.
- The Reverse Mortgage requires that I make monthly payments.
Not True. There are never any monthly payments. Payment of taxes, insurance and general upkeep of the home are the only resposibilities of the homeowner.
- Only the "cash poor" or desperate senior citizens can benefit from the Reverse Mortgage.
Even though some seniors may have a greater need than others for the cash or monthly income, the Reverse Mortgage can also be an excellent financial or estate planning tool.
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