Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.
Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.
What are reverse mortgages?
A reverse loan, also known as a reverse mortgage, is a financial product designed for seniors aged 62 and above who own their homes outright or have significant equity in them. The loan allows homeowners to access their home equity and receive payments from a lender without having to sell their homes or make monthly mortgage payments. Reverse loans offer several benefits, including providing additional income, paying off debts, and enabling seniors to age in place. Ideal candidates for reverse loans are seniors with significant home equity and limited cash flow who want to remain in their homes and have no plans to pass on their home as an inheritance.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
Reverse Mortgages at a glance.
- With our reverse mortgage, you don't have to make any monthly mortgage payments.
- You can free up cash flow for other expenses, such as travel, home repairs, or medical bills.
- One of the main benefits of a reverse loan is that it can provide additional income to help you cover your living expenses in retirement. This can be especially helpful if you have a fixed income and are struggling to make ends meet.
- Our Tyler branch serves Noonday, Flint, Winona, and Lindale.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
reverse mortgages
The amount you can borrow with a reverse loan depends on several factors, including the value of your home, your age, and the interest rate. Generally, the older you are and the more equity you have in your home, the more you can borrow.
To be eligible for a reverse loan, you must be at least 62 years old and own your home outright or have a significant amount of equity in it. The home must be your primary residence, and you must continue to pay property taxes, insurance, and maintenance costs.
We are licensed in several states, and we are also a member of the National Reverse Mortgage Lenders Association (NRMLA), which requires adherence to strict ethical standards.
If you are looking to attain financial stability, reach out to us to find out more about the reverse loan application process in Tyler.
If you are looking to attain financial stability, reach out to us to find out more about the reverse loan application process in Tyler.
“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”
Michael S.
Let's get you home.
0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.
