What's a Reverse Mortgage?
A reverse mortgage is a unique type of loan that allows homeowners 62 or older to access a portion of their home’s equity without making monthly principal and interest payments. How does it work? Unlike traditional mortgages, where borrowers make monthly payments to their lender, with a reverse mortgage, the lender pays the homeowner. This is why it’s called a "reverse mortgage."
What are the Advantages of a Reverse Mortgage?
Additional Income: Provides a source of supplemental income without having to sell your home.
Access to Equity: Access the equity you’ve built up to consolidate expenses and debt or improve your quality of life.
No Monthly Payments: Instead, the loan is repaid when you sell the home, move out, or pass away.
Maintaining Home Ownership: Continue to live in your home and maintain ownership.
Why PrimeLending?
When it comes to navigating the real estate market, you need a lender you can trust. Here are some of the reasons why PrimeLending is one of America’s leading mortgage lenders.
putting people first
For more than 35 years PrimeLending, a PlainsCapital Company has innovated the homebuying experience; always putting our focus on people, their homes and their financial well-being.
Service Beyond Expecatations
I believe that purchasing a home should be a positive experience. That’s why I strive to make the process as simple and stress free as possible.
Expertise and Support
I will be by your side throughout the entire mortgage process and am supported by a local team dedicated to helping me get your loan across the finish line.
Let's chat!
If you’re ready to learn more about the possibility of a reverse mortgage and whether it’s the right choice for you, a PrimeLending loan officer is ready to help. Fill out your information below and receive our Reverse Mortgage Guide!
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