Trebor Reverse Mortgage, LLC NMLS 1524299
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​When you choose to do business with him you will soon find out why Mitch Hackney is THE BEST person to talk to about a Reverse Mortgage in the state of Texas... Within the first two minutes you will know that the friendly voice you are hearing is someone who has your best interest at heart and will point you in the right direction whether you qualify for a Reverse Mortgage or not.  He may even suggest that you not take a reverse.  He puts your interests above his own.

Reverse mortgage applications can be tedious and at times very frustrating.  After you see how much time and expertise he exerts for your benefit you will want to add your name to the quote beow.

"You have been so helpful guiding us through what we needed to do more than anyone else we have spoken to about a reverse mortgage."

​The educational videos on this site will give you an idea why people say that, but I know you will still have questions and I look forward to helping you too :-)

You have questions that need answers, and you don’t want to feel coerced or obligated just for asking questions.  That is why he has produced these videos. Even though they are short they answer most of your concerns, and Mitch hopes you will come to trust him.  He won’t betray your trust, and you will receive straight answers.

A major change in the FHA reverse mortgage products is the increase to $765,600 and you need to know that that number is not the loan limits on the various products but the maximum home value for determining the loan the borrowers will receive.  The FHA product can produce loans above $500,000, but if you have a much higher valued home please see Video # 5. Loans up to $4,000,000 are now available by using a Proprietary Reverse which means it comes from a particular bank and is not insured by FHA

Major correction for TEXAS only:  Other websites talk about non-borrowing spouses.  The law in this state prohibits reverse mortgages to a person who is married but the spouse does not qualify…….usually due to age.  Taking a spouse off title in order for the older one to qualify is no longer allowed in Texas.

Relevant Features of Reverse Mortgages

• The title stays in your name, you don’t sell your home to the bank
• There are NO mortgage payments; but you are responsible for the real estate taxes and homeowners insurance
• You must be a citizen or green card holder, the cash you receive is NON taxable
• More than 70% of all reverses are taken out to pay off a first mortgage
• The value of your home continues to appreciate just like your neighbor’s
• FHA insured reverse mortgages can exceed $500,000
• JUMBO reverse are available up to $4,000,000
• Both fixed rate as well as adjustable rate products are available
• You do need to show enough income to pay for your real estate taxes and homeowners insurance
• TO protect the interests of older citizens the Federal Government requires counseling
• No reverse mortgage loan officer is allowed to “cross sell” any other financial product
• At your passing FHA mandates that the lender give your heirs up to a calendar year to pay off the loan .  SEE THE VIDEO 

Reverses for Purchasing a home have been available in Texas since 2014, but the interest in them has been so light Mitch asks you to call him for the details.

You may remember the old former senator and star of Law and Order, Fred Thompson, along with Henry Winkler, famous for his portrayal of “The Fonz” on Happy Days, doing their commercials for reverse mortgages.  That handsome actor, Tom Selleck, [ he with all that hair​ ] is now the spokesperson for AAG. As good as he is he simply cannot answer all the questions you have in a one minute commercial, so please watch the videos, and then call me for further update.

Financial planners, who once were our major detractors, have been coming around for a couple of years now, and many have begun advising their clients to look into the advantages of taking our a reverse mortgage. 

Older Americans tend to be more skeptical than when they were younger, and they certainly have that right, but it is the children of older homeowners who are often downright antagonistic to them.

The number of reverse mortgages that could be funded would go up exponentially were it not for the children demanding that mom or dad not take a reverse mortgage. It is troubling to see elderly parents who are able to care for themselves, and who do not want to move, be denied the money that could provide a much more comfortable retirement.

Possible foreclosure clouds the thinking of many older citizens when it comes to reverse mortgages. It needs to be stated here that foreclosure is possible but for only these three reasons: 1.) If Real estate taxes are not paid, 2.) If homeowners insurance is not kept current, and 3.) If the home is allowed to deteriorate. By law real estate taxes and home owners insurance must be paid. Complying with all three will avoid foreclosure.

I look forward to speaking with you soon.

Sincerely,

Mitch Hackney
Office: 972-924-0383
NMLS 249434
mitchreverse@gmail.com          


Trebor Reverse Mortgage LLC  - NMLS  1524299
6427  Arbor  Rose Drive              
Spring, TX 77379

​Home Office: 281-320-2014

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