Texas HECM Loans
About HECM Reverse Mortgages in Texas
The term HECM stands for Home Equity Conversion Mortgage and the HECM is the most popular reverse mortgage offered. The HECM is regulated by HUD and insured by the FHA, so it is completely safe. Like other Texas Reverse Mortgages, The HECM Reverse Mortgage in Texas allows a borrower to draw funds from the equity in their homes in the form of a loan. The beauty of the program, and one reason for its popularity in Texas and other states, is that the funds DO NOT HAVE TO BE PAID BACK in the borrowers lifetime, or until the property is sold. This benefit of the Texas HECM allows many seniors to retire wealthier and sooner thank in times past. Although we offer We offer other types of loan products, at Texas Reverse Mortgage Services, the Texas HECM is our specialty. Contact Us today for details or to see how much you can get from a HECM reverse mortgage.