Texas Reverse Mortgage Calculator
The Truth About Reverse Mortgage Calculators
Not All Reverse Mortgage calculators are what they seem.
When you are looking for information regarding reverse mortgages, accuracy and correctness are extremely important in the process of gathering information. For this reason, we want to tell you the truth about reverse mortgage calculators.
The primary reason reverse mortgage loan companies offer reverse mortgage calculators is to get you to give them your information. These calculators are in fact, a lead generation tool for these loan companies. Some of these online calculators are from actual reverse mortgage lenders and others are from marketing companies harvesting your information to sell to reverse mortgage lenders and brokers.
The accuracy of some of these calculators is questionable because their main focus is to get your information. The results these calculators provide you can be very generalized and not specific to your actual needs.
If you are a Texas senior homeowner, the best way to find how much money you could receive from a reverse mortgage is to have a conversation with someone who has experience in originating loans in Texas for Texas homeowners. Laws regarding reverse mortgages are different in Texas than in other states and it is best to have someone who has experience in doing reverse mortgage loans in Texas.
We are Lone Star Reverse Mortgage, Inc., a Texas owned and Texas based reverse mortgage provider. We have been providing loans in Texas for 15 years and have helped over 750 Texas homeowners with a reverse mortgage.
Our commitment to you is that we will never encourage you to do a reverse mortgage if it is not right for you or if you are not comfortable with the process. Also, we will never sell or share your information. We are here to give you honest accurate information about reverse mortgage loans in Texas. This is much more that a lead generation tool for us. It is the first step in reaching out to help fellow Texans understand the pros and cons of a reverse mortgage. We are going to provide you with an accurate and honest evaluation of whether a reverse mortgage is beneficial to you. We are NOT going to try and sell you something you do not need.
To learn more about how much you can receive from a reverse mortgage loan please complete the three-step form below or better yet call us at 972-388-3338.
Again, we will never sell or share your information.
Bob and Debbie Worley
Lone Star Reverse Mortgage, Inc.
Texas Reverse Mortgage Calculator
© 2020 Lone Star Reverse Mortgage, Inc. All rights reserved. Website by Corporate Marketing Associates.
Bob Worley – NMLS # 211905 – TX Lic.# 50404 • Debbie Worley – NMLS # 211059 – TX Lic. # 67929 Lone Star Reverse Mortgage NMLS # 769381
Corporate Office: 207 Keel Way, Horseshoe Bay, Texas 78657
The information and content on this website is not from HUD or FHA and has not been approved by HUD or any government agency.
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OFCERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.