Retirement should be the most exciting and relaxing time in your life, and living in Austin makes that only too easy. However, even the most prepared adults may not have the funds they expected to pay debts, maintain quality of life and do the fun things they want to. Many older homeowners make up for this difference by getting a reverse mortgage.
At Senior Lending Corporation, reverse mortgages are our specialty. You may be eligible even if you’re unfamiliar with this inverted mortgage that puts more money in homeowners’ pockets. Learn more about how you can benefit from this tool and get started with an application today.
A reverse mortgage is a unique financial product that allows adults ages 62 and up to tap into their home’s equity without selling their property. Although the loan amount depends on the borrower’s age, home value and current interest rates, a reverse mortgage can provide the flexibility needed to make the most of your retirement and:
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
A HECM reverse mortgage provides many benefits for older homeowners:
The minimum age for loan eligibility is 62 years old. The home you apply with must be your main residence, and you need enough equity to fund the loan. You must also complete an approved counseling program to ensure you understand how the mortgage works and whether it’s a viable option for your situation.
There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.
Senior Lending Corporation has been helping older homeowners use reverse mortgages to improve their retirement lifestyle since 1998. We’re licensed in Austin and throughout Texas and have a stellar reputation for honesty, integrity and service.
Our expert and professional team includes well-trained Austin reverse mortgage advisors who will support you every step of the way. You’ll partner with a dedicated advisor who will answer your questions and provide reliable guidance throughout the process, enabling you to make educated decisions.
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