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A reverse mortgage loan is for the primary residence of homeowners (age 62 years or older).  The owner(s) retain title to the home that is the subject of the reverse mortgage loan until they sell or transfer the property.  Although no monthly mortgage payment is required on the loan, the homeowner must continue to pay for property taxes, homeowner's insurance, maintenance, HOA dues or any other related taxes.  Failing to pay these amounts, or failure to maintain the condition of the property, may cause the reverse mortgage loan to become due immediately.  

We are not legal or tax professionals.  This information should not be construed as legal or tax advice.

State of Texas Disclosures: American Home Reverse, LLC. is licensed under the laws of the state of Texas and by State law is subject to regulatory oversight by the Texas Department of Savings and Mortgage Lending. 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 of certain actual out of pocket damages sustained by borrowers caused by the 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.

This information is not from HUD or FHA and was not approved by HUD or any government agency.

Click here to read important disclosures.

 American Home Reverse, LLC.                                                                       6060 N. Central Expwy., Ste. 500                                                              Dallas, TX 75206                                                                                            Corp. NMLS #1808617 | NMLS #773830                               

Phone:  855-469-7383, Ext. 802                                                                   Email:  laura@ahreverse.com

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