Reverse Mortgages
If you're 55 or older, you may qualify for a reverse mortgage. A powerful way to turn your home’s equity into tax-free cash
while staying put in the place you love (or leveling up to something new...for less money!). And guess what? You don’t have to make monthly mortgage payments.
Use the funds to:
Cover rising healthcare costs
Pay off debt
Supplement retirement income
Buy your next home
Or start your real estate mogul era...yes, really.
I even work with:
Non-warrantable condos!!!
Reverse for Purchase options (buy your next home with less money and more purchase power with a reverse!)
Homeowners who are younger than 62 (some programs start at 55!)
No monthly payments required...just property taxes, insurance, and basic upkeep. The loan is repaid later, usually when the home is sold or no longer your primary residence.
It's not one-size-fits-all, but for the right person, a reverse mortgage can unlock comfort, freedom, and some serious financial flexibility.
I’ll help you sort through the pros, cons, and fine print...so you can make an empowered choice that fits your story.
Let’s make it work...your way.
Reverse Mortgage Characteristics
1) Reverse mortgages are home loans available to homeowners who are 55 years or older.
2) With a reverse mortgage, homeowners can convert a portion of their home equity into cash without selling their home.
3) Reverse mortgages do not require monthly mortgage payments, but the loan must be repaid when the borrower no longer uses the home as their primary residence.
4) The loan amount depends on the borrower's age, home value, and current interest rates.
5) Reverse mortgages can be used to supplement retirement income, pay off debt, or cover unexpected expenses.
6) Homeowners must continue to pay property taxes, insurance, and maintenance costs while they have a reverse mortgage.
7) It's important to carefully consider the pros and cons of a reverse mortgage before deciding if it's the right option for you.
5) Reverse mortgages can be used to supplement retirement income, pay off debt, or cover unexpected expenses.
6) Homeowners must continue to pay property taxes, insurance, and maintenance costs while they have a reverse mortgage.
7) It's important to carefully consider the pros and cons of a reverse mortgage before deciding if it's the right option for you.
NEXA Mortgage LLC is an Equal Housing Lender
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Contact
Name: Holden Kellerhals
NMLS: 2646551
Email: hkellerhals@nexamortgage.com
Phone : (917) 573-1191
Have questions about financing?
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.NEXA Mortgage
.NMLS# - 1660690 | 5559 S Sossaman Rd, Bldg 1 Ste #101, Mesa, AZ 85212
NMLS Consumer Access Link
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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker 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, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov
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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 acts of licensed mortgage banker 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