Texas Cash Back Real Estate  About Us   -   Contact Us   -   Featured Listings   -   All Listings Sell a Home & Buy a New
Construction and save up to 3%

Sell a Home & Buy a Pre-Owned
Home and save up to 2%

Rent or Lease an Apartment
and get up to $500 Rebate

Buy a New Construction Home
in Texas & Save up to 2%
Sell a Home in the Houston
Area & Save up to 1%
Buy a Pre-Owned Home in the
Houston Area & save up to 1%
 
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 Jill Aylwin Realtor Texas Cash Back Real Estate

Jill Aylwin - Real Estate Broker, Realtor, MBA
Contact Us
 Realtor MLS
    Ph: (281) 334-CASH

  Living With Your Reverse Mortgage

Although there are differences between Fannie Mae's Home Keeper® mortgage, Fannie Mae's Home Keeper® for Home Purchase mortgage, and the Home Equity Conversion Mortgage (HECM) insured by the Federal Housing Administration (FHA) of the U.S. Department of Housing and Urban Development (HUD), day-to-day life with these mortgages is very similar.

For example, your responsibilities and requirements once you get a reverse mortgage include the following:

  • Paying property taxes and maintaining homeowner's insurance: You must ensure that your property taxes are paid and that hazard insurance coverage is in place in accordance with the terms of your loan. You may have the option of having your lender automatically make these payments as long as loan funds are available, or you may pay them yourself.

  • Maintaining your residency: If you fail to occupy the property as your principal residence for an extended period of time, your loan can become due.

  • Maintaining your property: Your reverse mortgage requires you to ensure that you maintain your property in good condition. If there is any significant deterioration in the condition of your property, you must make any necessary repairs.

Home Keeper is a registered trademark of Fannie Mae.

 

Sell a Home and Save up to 1%

 

 

Contact Us today -- Or --
Call us anytime at (281) 334-CASH

 

 
Buy a New Construction Home
in Texas & Save up to 2%
Sell a Home in the Houston
Area & Save up to 1%
Buy a Pre-Owned Home in the
Houston Area & save up to 1%
 

Texas Cash Back Real Estate

Contact Us today -- Or --
Call us anytime at (281) 334-CASH

 Texas Realtors        Realtor MLS


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