Need a JUMBO Mortgage ? Say, $750K to $3,000,000 ?
Here are some reasons to consider a Reverse Mortgage
1. No mortgage payment for P & I, [ Home owner must pay for R E Taxes and H O Ins ] 2. Much higher loan amounts with NO Mortgage Insurance
3. Much Lower closing costs than with an FHA insured reverse
4. Receive ALL the money at closing rather than delayed
5. A reasonable Fixed interest rate
Were you to borrow $500,000 at say, 7%, your monthly payment for a 30 year term would be $3,326.++ . [ The 7% rate is hypothetical and does not represent the APR ] Now consider # 1
For homes valued at $1,500,000 or more the applicant will pay for one appraisal and our lender will pay for the second. The lesser of the two will determine the value for calculating the loan.
Resident / seniors of higher valued homes in such areas as Highland and University Park are finding these loans to be most attractive.
I am at your service.
Welcome to Mitch Hackney - Texas Reverse Mortgage! Mitch’s mission is to set the highest standard in the Reverse Mortgage industry. He is committed to quality customer service and putting the needs of clients first. Mitch will always adhere to the highest degree of integrity in all business dealings.
When it comes to Reverse Mortgages, education is the key. The pledge to you, is to complete the education process, so you are able to make an informed decision. Prospective clients are encouraged to invite family members to be a part of the discussion during this education process.
Calculate your Reverse Mortgage Today!