Reverse Mortgages are an excellent financial tool to enhance your senior lifestyle. With the loan, you can use the tax free money that you have in the equity of your home to reduce bills, pay for medical expenses, take a nice vacation or just enjoy life.
You have earned it.
Reliance Mortgage CEO Mike Anderson assisted legislators in Austin, and was instrumental, to the creation of the Texas Reverse Mortgage Bill. Our Company closed the first Reverse Mortgage in Texas, and have closed over 1,300 Reverse Mortgages since.
We will help take you from Step A to Step Z and make the process quick and easy.
Loan processing is done in our office which helps close loans faster. We can close loans within a month so you can have your money and do what you want with it.
Documents Needed to Get Started
You will need to have these five items on hand at the start of the loan process:
- Original Counseling Certificate
- Copy of Driver’s License and Social Security
- Home Owner’s Insurance
- Mortgage Statement
- Copy of Survey
What is a Reverse Mortgage Exactly?
A reverse mortgage is available to seniors aged 62 or older. Reverse Mortgages are a form of equity release that uses the house’s equity as collateral, where the loan size a borrower qualifies for is determined by the borrower’s age, the lesser of the value of the home or county lending limit, and the interest rate of the program the senior selects.
Southern Star Capital LLC dba Reliance Mortgage Company – NMLS #370420
Mike Anderson – Residential Mortgage Loan originator – NMLS # 273018
13140 Coit Rd, Suite 504 Dallas, Texas 75240