Reverse Mortgages

	R. Scott Dobbs N.M.L.S. #199935		I recommend United Credit Source			order a credit report
The Finance Doctor
R. Scott Dobbs was President-CEO of Bright Mortgage Corporation for 16 years . . and he is . . The Finance Doctor
				Contact Me


Home	Contact Me	Today's Rates	Purchase	Refinance	Home Equity	Reverse Mortgage	Construction	Relocation

Voted Top Ten Most Dependable Mortgage People in Texas

Toll Free ( 877 ) 597 - 6739


	R e v e r s e M o r t g a g e s Reverse mortgages may seem a little backwards. They are different, but can be beneficial.


A "reverse" mortgage is a loan that you do not have to pay back as long as you live in your home. You can turn the value of your home into cash without having to move and without having to make house payments. The cash you get from a reverse mortgage can be paid to you in several ways: all at once, in a single lump sum of cash; regular monthly advances similar to monthly income; as a "creditline" account that lets you decide when and how much of your available cash is paid to you; or as a combination of these payment methods. No matter how this loan is paid out to you, you typically don't have to pay anything back until you die, sell your home, or permanently move out of your home. To be eligible for most reverse mortgages, you must own your home and be 62 years of age or older.			additional information available through the websites below (click on the images)




					US Department of Housing and Urban Development

Several counseling agencies are available to provide counseling regarding reverse mortgages. We recommend speaking with a qualified financial planner or estate planner as you take a look at reverse mortgages and how they work.
click here for a LIST of examples of the various situations where Reverse Mortgages are used

County Appraisal Information

Initial Fee Worksheet Explanation

Recovery Fund Notice

Last Updated 07/28/2010

� Frost Mortgage Lending Group

All Rights Reserved