Business Description
A reverse mortgage in Texas is a financial tool that allows homeowners aged 62 and older to convert part of their home equity into cash. This loan doesn’t require monthly mortgage payments, providing financial relief and added income during retirement. The loan is repaid when the homeowner sells the house, moves out, or passes away. In Texas, reverse mortgages are subject to strict regulations designed to protect borrowers, ensuring they can stay in their homes as long as they meet the loan’s terms. It’s an ideal option for seniors seeking financial flexibility without selling their homes.
