Reverse Mortgages Near You - Edmond Reverse Mortgage Lender
Meet Damahco Ousley
Damahco Ousley
Reverse Mortgage Specialist
NMLS #2102342
(918) 771-9416
Get the best reverse mortgage deals in Edmond, Oklahoma.
Damahco Ousley and Fairway Independent Mortgage Corporation are the top team in Edmond if you are seeking quality advice about reverse mortgages – from Owasso to Broken Arrow and throughout Edmond, 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 Edmond.
“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 Edmond 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 Edmond climbed 0.5 per cent in the 12 months reaching $340,966*. (https://www.zillow.com/home-values/20859/tulsa-ok/)
There are 533 people in and around Edmond who are already benefiting from a reverse mortgage with 22 of them signing up in the last 12 months.
About Edmond, Oklahoma
Edmond, Oklahoma, is a charming and vibrant city just north of Oklahoma City, known for its family-friendly atmosphere, excellent schools, and beautiful parks. With a population of over 90,000, Edmond offers a suburban feel with easy access to the amenities of the larger metropolitan area, making it a popular choice for families, professionals, and retirees alike. Edmond combines a strong sense of community with a range of cultural, recreational, and educational opportunities, making it one of the most desirable places to live in the state.
Edmond has a rich history that dates back to the Oklahoma Land Run of 1889. Originally a small railroad town, Edmond has grown into a thriving community that values its heritage. The city celebrates its history through landmarks such as the historic downtown area, which is filled with local shops, cafes, and boutiques that reflect Edmond's unique character. The Edmond Historical Society & Museum is another local gem, offering exhibits that showcase the city’s past and provide residents and visitors with a glimpse into its heritage.
Nature lovers will find plenty to enjoy in Edmond, as the city is known for its abundant parks and outdoor recreational opportunities. Mitch Park is a popular destination, featuring walking trails, playgrounds, a skate park, and an aquatic center. Arcadia Lake, located on the city’s eastern edge, offers boating, fishing, camping, and hiking, making it a favorite spot for outdoor activities and family gatherings. Edmond also has several golf courses, including the prestigious Oak Tree National, which has hosted major golf tournaments and is beloved by local golf enthusiasts.
Education is a key highlight of Edmond, with Edmond Public Schools being one of the top-rated school districts in the state. The district is known for its commitment to academic excellence and a wide range of extracurricular programs, making it highly appealing for families. Edmond is also home to the University of Central Oklahoma (UCO), one of the oldest universities in the state, which offers a range of undergraduate and graduate programs and adds a lively collegiate atmosphere to the city.
In addition to its strong educational offerings, Edmond has a growing local economy supported by industries such as healthcare, education, and retail. The city’s proximity to Oklahoma City also provides residents with access to broader job opportunities while allowing them to enjoy the suburban tranquility of Edmond. The community values are evident in the numerous local events, including the LibertyFest, which celebrates Independence Day with a week of parades, fireworks, and family-friendly activities.
As a reverse mortgage loan officer serving Edmond, I am dedicated to helping homeowners in this wonderful community explore their financial options. Whether you’re interested in a reverse mortgage to tap into your home’s equity or looking for ways to support your retirement, I’m here to provide guidance tailored to your unique needs. Edmond’s blend of small-town charm, educational excellence, and outdoor beauty makes it an exceptional place to call home, and I’m honored to support its residents in achieving financial security and peace of mind.
Contact your Edmond 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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