What is a Reverse Mortgage?
Reverse Mortgages have gotten a bad rap but can be very useful in certain circumstances.
They give a homeowner the ability to stay in their current home and get the equity out in monthly payments or a lump sum. This loan has NO PAYMENTS. The loan is based on age & the amount of equity. Credit does not matter. There are many reasons a homeowner would want to get a reverse mortgage. Reverse mortgages can also be used to buy a house & have no payments as well. To discuss your options, contact me so I can share with you the pros & cons. David Mozingo 512-789-4433.