A San Antonio reverse mortgage is a special type of home loan that seniors can obtain that provides additional income during retirement. One of the benefits of owning a home is that equity builds as mortgage payments are made and real estate values rise. With a Dallas reverse mortgage, that equity is paid back to the home owner in the form of cash. Funds received from an Austin reverse mortgage have many uses: covering unexpected medical expenses, supplementing social security payments, and even enabling early retirement.

Repayment of a Houston reverse mortgage is unnecessary until the borrower(s) no longer treat the home as their primary residence. However, there are a few qualification requirements for a San Antonio reverse mortgage: you must be a Texas resident, who is at least 62 years old, and have substantial equity in your home.

Please click on one of the links above to learn more about Texas reverse mortgages in your area!