Reverse Mortgages Near You - Broken Arrow Reverse Mortgage Lender
Meet Damahco Ousley
Damahco Ousley
Reverse Mortgage Specialist
NMLS #2102342
(918) 771-9416
Get the best reverse mortgage deals in Broken Arrow, Oklahoma.
Damahco Ousley and Fairway Independent Mortgage Corporation are the top team in Broken Arrow if you are seeking quality advice about reverse mortgages – from Owasso to Broken Arrow and throughout Broken Arrow, Osage, Rogers and Wagoner Counties.
Damahco is a real go-getter.
He describes himself as a “serial entrepreneur” because his rabid enthusiasm for success drives him to work on multiple projects simultaneously.
It’s that voracious work ethic and appetite to help and engage people that has led him to Fairway.
Damahco is highly skilled across numerous sectors of the finance industry including insurance, investments, fixed and indexed annuities and most importantly retirement planning.
He quickly learned that reverse mortgages are one of the key planks of retirement planning and was inspired to begin championing them to the seniors and retirees of Broken Arrow.
“I help people understand and benefit from reverse mortgages to unlock their home equity,” Damahco said.
“It’s such a great product and I want every retiree to appreciate how it might help them.”
When not working hard to offer Broken Arrow seniors a better retirement, Damahco enjoys spending time with his four beautiful children.
What is a reverse mortgage?
A reverse mortgage is something of a magic wand for seniors and retirees who don’t have enough funds to bankroll their retirement.
That’s because if they are 62 years or older and have sufficient equity in their house, it can make their financial woes disappear.
A reverse mortgage is specifically designed for retirees who are struggling with the daily cost of living, lack a significant income and whose wealth is largely tied up in their house.
If that’s you, a reverse mortgage can free up that equity and restore your financial independence.
It creates a brand new income stream which allows you to remain in your home rather than have to sell it to access your money.
If you have enough equity in your home, you may find yourself enjoying quite a substantial boost in your standard of living.
It opens up the possibilities of family vacations, home renovations, pretty much anything your heart desires.
Funds can be made available in several different ways including a line of credit, monthly installments, a lump sum or even a combination of all three.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.
It’s one of the savviest ways homeowners can put their financial struggles behind them whilst boosting their standard of living.
Average house prices in Broken Arrow climbed 2.9 per cent in the 12 months reaching $276,570*. (https://www.zillow.com/home-values/90227/broken-arrow-ok-74013/)
There are 692 people in and around Broken Arrow who are already benefiting from a reverse mortgage with 36 of them signing up in the last 12 months.
About Broken Arrow, Oklahoma
Broken Arrow, Oklahoma, is a vibrant and rapidly growing suburb of Tulsa that offers the charm of a small town with the amenities of a modern city. With a population of over 100,000, Broken Arrow has become one of the most sought-after places to live in the state due to its strong sense of community, excellent schools, and beautiful parks. Known for its family-friendly atmosphere, Broken Arrow combines quality of life with plenty of recreational, educational, and cultural activities.
Originally founded as a small farming community in the early 1900s, Broken Arrow has a rich history that’s celebrated throughout the city. The city’s name comes from a Muscogee Creek community that settled in the area, and its heritage is honored at the Broken Arrow Historical Society Museum, which showcases artifacts and exhibits from the city’s past. Broken Arrow’s historic downtown, known as the Rose District, has been revitalized in recent years, transforming into a lively destination with local boutiques, art galleries, restaurants, and cafes. The Rose District also hosts regular events, festivals, and farmers’ markets, making it a central gathering place for residents.
Nature lovers will find plenty to enjoy in Broken Arrow, with an array of parks, trails, and recreational facilities. Ray Harral Nature Park and Center offers serene walking trails, a butterfly garden, and a nature center where visitors can learn about local wildlife. For those who enjoy sports and outdoor activities, the city also features the beautiful Broken Arrow Sports Complex and Nienhuis Park, both of which have playgrounds, sports fields, and picnic areas. With its well-maintained parks and green spaces, Broken Arrow is perfect for families who want to stay active and enjoy the outdoors.
Broken Arrow is well-regarded for its educational opportunities, with a school system that emphasizes academic excellence. Broken Arrow Public Schools is one of the largest school districts in the state and is known for its strong curriculum, extracurricular programs, and community support. The city is also close to higher education institutions, such as Tulsa Community College and Northeastern State University’s Broken Arrow campus, providing residents with access to a range of educational and career development options.
As part of the Tulsa metropolitan area, Broken Arrow benefits from its proximity to Tulsa's thriving job market while maintaining its own diverse local economy. The city is home to a variety of businesses in industries such as manufacturing, healthcare, retail, and technology. With its affordable cost of living, excellent schools, and family-oriented lifestyle, Broken Arrow continues to attract new residents seeking a high quality of life in a welcoming community.
As a reverse mortgage loan officer serving Broken Arrow, I’m here to help homeowners in this wonderful community explore their financial options. Whether you’re considering a reverse mortgage to tap into your home’s equity or looking for ways to support your retirement goals, I’m here to provide guidance tailored to your needs. Broken Arrow’s blend of small-town charm, modern amenities, and community spirit makes it a fantastic place to call home, and I’m proud to serve its residents in achieving financial peace of mind.
Contact your Broken Arrow reverse mortgage lender today.
Damahco and his Fairway team look forward to hearing from anyone who has the slightest curiosity about whether a reverse mortgage could alleviate their financial woes.
Please call him on (918) 771-9416 and he will be pleased to offer you a no obligation assessment of your position.
*As of October 2024
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