To help you qualify for a reverse financial in Texas, one of many important aspects you to definitely loan providers think ‘s the amount out-of security you have got of your home therefore the harmony off any present home loan.

Guarantee ‘s the value of your property without any bills covered by the family, particularly a home loan. The greater number of security you’ve got, the greater money you may be able to found out of a good opposite home loan. Essentially, you desire generous collateral of your home so you’re able to be eligible for an excellent contrary mortgage-commonly 50% or even more. Continue reading →