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Texas Reverse Mortgages Help Seniors

One key benefit of a Texas Reverse Mortgage is the ability for seniors to use the funds how they want. Some people choose a Reverse Mortgage to eliminate monthly mortgage payments and help pay unexpected expenses. They can also:

• Pay for medical care, prescription drugs and in-home care
• Make home improvements and repairs
• Modify their home for better accessibility
• Travel to visit family and friends
• Contribute to a grandchild’s college education

To be eligible, all Texas Reverse Mortgage borrowers must be the titleholder(s) of the property, with a maximum of three titleholders, all borrowers must be age 62 or older, and the borrowers must own an eligible property type.