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1-800-799-4255

Comfortable Retirement

Supplement retirement income
Stretch retirement savings
Payoff existing mortgage

Financial Relief

No monthly payments
Help pay for medical care, prescription drugs
and in-home care
Cover large or unexpected expenses

Comfortable Retirement

Supplement retirement income
Stretch retirement savings
Payoff existing mortgage

Financial Relief

No monthly payments
Help pay for medical care, prescription drugs
and in-home care
Cover large or unexpected expenses

Call our 24hr Hotline to hear a recorded message about Reverse Mortgage

ReverseProTexas
2714-82nd St
Lubbock, TX 79423
Email: tim@reverseprotexas.com
Phone: (800) 799-4255
Fax: (806) 793-7936

NMLS #390213

24 Hour "Educator Hotline

1 (800) 532-9318
Call our 24 hour hotline and learn more

Welcome,

Reverse Pro Texas is the leader in helping folks over 62 years of age acquire a reverse mortgage to meet their financial needs and desires in retirement. Tim Gristy and his staff have assisted hundreds of customers determine if reverse mortgage is right for them, and if so, work carefully to lead them by the hand to see that every “i” gets dotted and every “t” gets crossed. “We treat our customers like family,” says Margaret Smith, Tim’s administrative assistant.

We have helped homeowners in the West Texas area in Lubbock, Amarillo, Abilene, Brownfield, Levelland, Littlefield, Midland, Odessa, Plainview, Post, Ransom Canyon, San Angelo, Shallowater, Slaton, Wolfforth. We have also helped folks in the Hill Country like Austin, New Braunfels, Wimberley, Horseshoe Bay, Marble Falls, and San Antonio. We have helped borrowers in Dallas, Ft. Worth, Weatherford, Waco, and even in East Texas like Tyler and Beaumont.

We think you will really appreciate our “common sense” way of doing business… that’s so rare in American society today. Read on to learn what we mean by this.

What is a reverse mortgage?

Reverse Mortgage is loan made by a lender, insured by FHA, and the program allows folks that are 62 and older to borrow some of the equity out of their home without the requirement of making monthly payments on the principle or interest of that loan for as long as one or both homeowners are living in the home.

The homeowner’s names are on the deed, so they are in complete control. The homeowner’s responsibilities in a Reverse Mortgage is to pay the homeowner’s insurance and property taxes each year on time, and because they continue to own their home they will maintain the home as long as they live there.

The agreement a homeowner is entering into is when the home is no longer the primary residence for the homeowner(s), the loan is to repaid. Ninety-nine (99%) of the time that means the home is place for sale, and when the home is sold the funds from the sale automatically pay off the reverse mortgage loan. If there is money left it goes with the homeowner(s) or to the heirs if the homeowners live there for the rest of their lives.

There will never be a time when the homeowner(s) or any children or relatives will be asked to pay any additional money on this loan.

The amount of money a person can realize from a Reverse Mortgage depends on the value of their home (based on an appraisal) and the exact age of the youngest homeowner, and the prevailing interest rate at the time the mortgage is obtained.

Reverse Pro Texas Advantage

1.) Why We Are a Better Option than the Big Banks

We have specialized in Reverse Mortgage for 15 years! We don’t make any other types of loans, so we know this business inside out. And we specialize in Reverse Mortgages in Texas only, not loans all over the U.S., so we are able to focus on what’s best for you.

The big banks that offer reverse mortgages only offer their own reverse mortgage product. They don’t commit to offering the best product available in the market. But we do, and that’s the advantage of doing business with us.

2.) Our “Common Sense” Way of Doing Business

When you call us, you talk to a live person, not an automated phone menu. Then when we send you information to help you understand reverse mortgages, we make it simple to understand. We don’t send you too much information, we don’t send you too little information. Additionally, we personalize it to your situation (and highlight the really important things), rather than sending you a generic brochure. We don’t exaggerate what we can do for you, and we really tune into your own particular unique needs and concerns. And we tell you what the negatives are, relative to your own unique situation. Most other companies don’t want to address the negatives. Then, when you become a customer, we get the loan done as quickly as we can.

3.) Better Business Bureau A+ Rating

We are proud of the fact we have earned the coveted A+ rating by the Better Business Bureau.