Reverse Mortgage
Reverse Mortgages
Eligibility
Fees and Cost
The Process
About Bob Worley
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Frequently Asked Questions

Contact us toll free at (866) 336-4633 or by email to find out if a reverse mortgage is right for you.


Reverse Mortgage FAQs

Who is Bob Worley and what is Reverse Mortgage of Texas?

Can I do a reverse mortgage if I already have a mortgage on my home?

How is the U.S. Government involved with reverse mortgages?

Why is it better to do a reverse mortgage versus simply refinancing the house with a traditional mortgage?


Are fixed rate loans available?

Will I have to pay any fees out of pocket to obtain a reverse mortgage?

Are the closing costs and fees in a reverse mortgage high?

Are there any restrictions on the use of the money I receive?

Will I have to sell or vacate my home if the money I owed on the loan exceeds the value of my house?

What if I just want to buy a new car or take a trip each year to visit my grandchildren?

Will my heirs owe anything to the mortgage lender?

If my home’s value appreciates during the term of a reverse mortgage, who will be entitled to that money?

How much can I borrow?

What is the highest the interest rate can be on a reverse mortgage?

Will reverse mortgage payments affect my Social Security or Medicare benefits?

What if I decide to sell my home?

What appreciation or rise in my home’s value should I conservatively anticipate over the years of a reverse mortgage?

How safe and secure are reverse mortgages?

Why haven’t I heard more about reverse mortgages if indeed the benefit is so attractive?

How common are reverse mortgages throughout the USA?

Will a reverse mortgage hurt my heirs or children? I always wanted the house left for their benefit.

How long does the reverse mortgage process take? When should I receive my money?

Your company, Reverse Mortgage of Texas, should I shop around or put all my trust with you?

Who is eligible for a reverse mortgage?

 

For more information, contact Reverse Mortgage of Texas today.
Bob Worley
Toll Free: 1-866-336-4633