• Reverse Mortgages
  • November 6, 2013
  • Law Firm: Alagood Cartwright P.C. - Denton Office
  • Texas allows lenders to make "reverse mortgages" which are secured by a borrower's homestead. A reverse mortgage is an instrument that allows a borrower to borrow money against the equity in his or her home in a single installment, in annuity-like installments, or a line-of-credit available on demand. Like home equity loans, reverse mortgages are subject to a litany of state constitutional restrictions.