Phillis Jackson is your premier Reverse Mortgage Specialist based in Amarillo and doing business in the state of Texas. Phillis is committed to quality customer service and putting the needs of the people it serves first. She will always adhere to the highest degree of integrity in all business dealings.
When it comes to Reverse Mortgages, education is the key. Phillis Jackson’s pledge to you, is to complete the education process, so you are able to make an informed decision. She always encourages prospective clients to invite family members to be a part of the discussion during the education process.
DO I QUALIFY FOR A REVERSE MORTGAGE?
You must be age 62 or older. And you must occupy the home as your primary residence - for the majority of the year. Borrowers must own the home outright or have a low enough balance on the existing mortgage that it can be paid off from the proceeds of the reverse mortgage.
Each borrower listed on the title must apply for the reverse mortgage loan, attend a HUD counseling session and sign the loan papers. The HUD counseling is either handled in person, or over the telephone. All individuals on title must apply for the reverse mortgage, attend counseling and sign the loan papers.