Texas Reverse Mortgages

Texas Reverse Mortgages are still working on passing the use of a reverse mortgage credit line.

And then there's Proposition 7, which would authorize line-of-credit advances under a reverse mortgage, a popular financing tool used by seniors to tap into the equity in their homes. Supporters argue that Texas is the only state that does not allow some form of line-of-credit reverse mortgage; critics say it could lead to seniors accumulating a larger amount of debt that they otherwise would have under a lump-sum distribution, for example.

Call 1-888-973-8377 to discuess your Texas Reverse Mortgage needs.