Texas Senior Care and Housing Directory
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Reverse Mortgage Lenders - Frisco, TX

Home Equity Conversion Mortgages (HECMs)

More Planning Ahead Resources


Reverse Mortgage Lenders Serving Frisco, TX - A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care. However, there is no restriction how reverse mortgage proceeds can be used. The loan is called a reverse mortgage because instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower. The borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as the borrower lives in the home he or she is not required to make any monthly payments towards the loan balance. The borrower must remain current on property taxes, homeowners insurance and homeowners association dues (if applicable). To learn more about getting a Home Equity Conversion Mortgages (HECMs) loan contact the following reverse mortgage lenders.

1st First Nations Texas Reverse Mortgage

1st Nations Reverse Mortgage

2600 South Shore Blvd Ste #300 | League City, TX   Map it! Map it!
Serving Texas. 1st Nations is a U.S. Department of HUD-approved Texas reverse mortgage lender and is currently a member of the National Reverse Mortgage Lenders Association. The 1st Nations team first began in 1991. At 1st Nations, we only do reverse mortgages, and we are proud to be one of America‚Äôs oldest and most respected sources of reverse mortgage information and advice. As a team, we share a passion for older Americans, and we are deeply committed to their needs. Our goal is to educate people completely, accurately, and honestly about the pros and cons of reverse mortgages. Through this effort, we hope to make a difference in the lives of many older Americans. Address: 2600 South Shore Blvd Ste #300 | League City, TX 77573. MORE DETAILS >>

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