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Texas Reverse Mortgages and Looming Rule Changes

As we’ve discussed previously here on Texas Lending Today, a reverse mortgage in Texas can serve as a welcome lifeline for folks in need of a more substantial cashflow. Basically, rather than making monthly principal and interest payments to a lender, a reverse mortgage offers the homeowner access their home equity without making principal and interest payments, letting them fund their retirement with the equity they’ve built up in their homes over the years.

Banks Bailing on Reverse Mortgage Market. We're Not.

Let’s say you’ve spent years and years building up equity in your home, and steadily seen its value rise. But suddenly, in the wake of the recession, you’re facing a cash-strapped retirement. Normally, a reverse mortgage would be a great way to turn that equity into a stress-free future.

 

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Current Rates

As of Tuesday, December 6, 2016
  • VA Purchase
    30 Year Fixed
    4.375
    Rate
    %
    4.634
    APR
    %
  • Rate/Term Refinance
    30 Year Fixed
    4.125
    Rate
    %
    4.356
    APR
    %
  • Rate/Term Refinance
    15 Year Fixed
    3.5
    Rate
    %
    3.842
    APR
    %
  • Cash Out Refinance
    30 Year Fixed
    4.875
    Rate
    %
    5.028
    APR
    %
  • FHA Purchase
    30 Year Fixed
    4.125
    Rate
    %
    5.077
    APR
    %


Rate Conditions

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