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 is a financial product that allows homeowners who are 62 years or older to convert a portion of their home equity into cash without having to sell their home. The loan works by allowing the homeowner to borrow against the equity in their home, and the loan balance is paid off when the homeowner passes away, sells the home, or permanently moves out. Some benefits of reverse loans include increased cash flow, debt consolidation, and the ability to stay in one’s home. Ideal candidates for reverse loans include those who have significant equity in their homes, have little to no mortgage debt, and plan to stay in their homes for the long term.
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.
- You can choose to receive the money from our reverse mortgage in a lump sum, a series of monthly payments, or a combination of the two. This flexibility allows you to choose the option that best meets your needs.
- If you have high-interest debt, such as credit card debt or medical bills, a reverse loan can help you pay it off.
- By consolidating your debt into a single loan, you can simplify your finances and reduce your monthly expenses.
- Our Big Spring branch serves Elbow, Forsan, Coahoma, and Stanton.
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
No, the money you receive from a reverse loan is typically not considered taxable income.
The three types of reverse mortgages are proprietary reverse mortgages, single-purpose reverse mortgages, and Home Equity Conversion Mortgages (HECMs).
We have a team of loan officers who are dedicated to providing excellent customer service and helping customers understand the loan process.
Let us help you with the reverse loan application process. Contact us or visit our Big Spring branch to get in touch with our friendly loan officers.
Let us help you with the reverse loan application process. Contact us or visit our Big Spring branch to get in touch with our friendly loan officers.
“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.
