14673 Midway Road, Suite 216
Addison, TX 75001
Office: (214) 937-4455
Mark Lemons, Jr. Registered Mortgage Loan Originator
Berkshire Lending, LLC
Mobile Ph# (214) 202-7288
Mark helps adults 62+ throughout Addison, Corinth, Denton, Flower Mound, and Lewisville, TX with the reverse mortgage process. Mark has seen first hand the benefits of a reverse mortgage having assisted family members with the process. Working with senior homeowners is a calling for Mark.
As a former Home Health Operations VP, he has seen
the high cost of drugs and the burden it places on a household. That
along with the lack of savings and retirement funds a significant
number of baby boomers have is another reason to consider a reverse
Mark will educate you about the
following options and homeowner eligibility requirements:
Must be 62 years or older.
Live in home as primary residence; vacation homes and investment properties do not qualify.
Complete a HUD-approved counseling session.
Must be able to pay homeowners taxes, insurance and any applicable HOA fees
Common Reverse Mortgage Questions
Why should I get a
Reverse Mortgage instead of refinancing, financing or getting a home
With a Reverse Mortgage, you do not have to make any monthly mortgage payments. Your credit score is also not the main determining factor for approval. Even if you have been turned down for a regular mortgage you still may qualify for a Reverse Mortgage. You must maintain home as primary residence & keep property taxes, homeowner's insurance and HOA dues current.
Is a Reverse Mortgage a Safe Product?
A Reverse Mortgage is one of the safest loans you may possibly have.
95% of all Reverse Mortgages fall into the category of HECM’s (Home Equity Conversion Mortgage) which are insured by the HUD through the US Government.
HUD has certain guidelines and protections that regulate the fees,
expenses and interest rate you can be charged. You also must attend
a counseling session by an approved HUD counselor to give you
independent information. Other types of Reverse Mortgages also have
similar protections built in.
What are the options for receiving the cash from my Reverse Mortgage?
There are three basic options for receiving your cash or you can do a combination:
Contact Mark Today!
Ultimately, my goal is to help our senior clients find the perfect solution for their needs. While the minimum age for a reverse mortgage is 62, this may not be the most advantageous time for you. Education is the key, I believe in educating the borrower fully, with straight forward information and answers.
For more information about a Reverse Mortgage, please contact Mark Lemons, Jr. on his mobile phone at (214) 202-7288 or the office at (214) 937-4455, or complete the Request for Information form below.
Disclosure Statement – Berkshire Lending, LLC is not affiliated with any governmental agency. The material shown on this site is for informational purposes only and is not an offer to lend or extend credit. All applications are subject to underwriting approval and guidelines. Not all applicants will qualify for loan products described.
All loan programs, terms, pledges, guarantees and conditions are subject to the rules and regulations and to change without notice. The products and services shown are not available in all geographic areas. The information and graphics shown are provided "as is" and Berkshire Lending, LLC does not warrant the accuracy or completeness and disclaims any liability for errors, omissions or performance of the stated terms.
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