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?
Reverse loans, also known as reverse mortgages, are a type of loan that enables homeowners to convert a portion of their home equity into cash without having to sell their property or make monthly payments. Instead, the loan balance accumulates over time, and the loan is repaid when the homeowner no longer occupies the property. Reverse loans have become increasingly popular in recent years due to the numerous benefits they offer, such as providing a reliable source of income, helping to pay for healthcare expenses, and allowing homeowners to stay in their homes as they age. Ideal candidates for reverse loans are typically seniors who have significant home equity, little to no mortgage debt, and a desire to supplement their retirement income.
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.
- Our reverse loan does not require monthly payments, and you can choose to receive the money in a lump sum, a series of monthly payments, or a combination of the two.
- If you have accumulated debts over the years, a reverse loan can be used to pay them off. This can help to reduce your monthly expenses and improve your financial situation.
- Our El Paso branch serves Chaparral, Tornillo, and Mesilla.
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
The amount of money you can get with a reverse mortgage loan depends on several factors, including your age, the value of your home, and the current interest rate. Generally, the older you are and the more valuable your home, the more money you can receive.
To qualify for a reverse loan, you must be at least 62 years old and own your home outright or have a significant amount of equity in it. Your home must also be your primary residence. Your credit score and income are not typically taken into account.
We offer a variety of mortgage products, including conventional loans, FHA loans, VA loans, USDA loans, and jumbo loans, and our team of professionals is always available to answer questions and support you throughout the entire process.
If you are uncertain about the reverse loan application process in El Paso, contact us, and our friendly loan officer will guide you through the process step-by-step.
If you are uncertain about the reverse loan application process in El Paso, contact us, and our friendly loan officer will guide you through the process step-by-step.
“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.
