Reverse Mortgages Near You - Lawton Reverse Mortgage Lender
Meet Damahco Ousley
Damahco Ousley
Reverse Mortgage Specialist
NMLS #2102342
(918) 771-9416
Get the best reverse mortgage deals in Lawton, Oklahoma.
Damahco Ousley and Fairway Independent Mortgage Corporation are the top team in Lawton if you are seeking quality advice about reverse mortgages – from Owasso to Broken Arrow and throughout Lawton, 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 Lawton.
“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 Lawton 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 Lawton climbed 3.0 per cent in the 12 months reaching $129,645*. (https://www.zillow.com/home-values/46183/lawton-ok/)
There are 68 people in and around Lawton who are already benefiting from a reverse mortgage with 12 of them signing up in the last 12 months.
About Lawton, Oklahoma
Lawton, Oklahoma, is a unique city located in the southwestern part of the state, known for its rich history, military presence, and scenic landscapes. As the fifth-largest city in Oklahoma, Lawton has a population of over 90,000 and is an ideal mix of urban convenience and small-town charm. The city is home to the Fort Sill Army Post, which plays a significant role in the community and contributes to Lawton’s dynamic cultural and economic fabric.
Lawton’s history is deeply connected to Fort Sill, an active military installation established in 1869. Fort Sill has been a vital part of the city’s identity for over a century and is also home to the Field Artillery School, making Lawton an important hub for the U.S. Army. Visitors can explore Fort Sill's rich history at the Fort Sill National Historic Landmark and Museum, where exhibits showcase military artifacts, Native American history, and the role of the base in Oklahoma’s development. Additionally, Lawton’s Museum of the Great Plains offers engaging exhibits about the region’s history, early settlers, and Native American heritage.
Nature enthusiasts will find plenty to enjoy in and around Lawton. The city is nestled near the Wichita Mountains, a stunning range that offers breathtaking views, hiking trails, and opportunities for wildlife spotting. The Wichita Mountains Wildlife Refuge, just north of Lawton, is a popular destination where visitors can see bison, elk, longhorn cattle, and prairie dogs in their natural habitat. Mount Scott, a prominent peak in the refuge, provides panoramic views of the surrounding plains and is a favorite spot for hiking, picnicking, and photography. Lake Lawtonka and Lake Ellsworth also offer opportunities for boating, fishing, and other water activities, making Lawton an ideal location for outdoor recreation.
Lawton’s community is close-knit, with events and festivals that bring residents together throughout the year. The International Festival, held annually, celebrates the city’s cultural diversity with music, dance, and food from around the world. The Arts for All Festival is another beloved event, showcasing local art, crafts, and performances in a family-friendly setting. Lawton also has a vibrant arts scene, with local theaters, galleries, and community events that reflect the city’s creative spirit.
Lawton Public Schools serves the educational needs of the city’s residents, providing a range of academic and extracurricular programs for students. The city is also home to Cameron University, a regional public university that offers undergraduate and graduate programs, adding an academic atmosphere to the community and opportunities for continued learning and professional growth. With affordable housing options, a strong sense of community, and close proximity to natural beauty, Lawton is an attractive place to live for families, retirees, and professionals alike.
As a reverse mortgage loan officer serving Lawton, I am dedicated to helping homeowners in this vibrant city explore their financial options. Whether you’re interested in a reverse mortgage to access your home’s equity or are looking for ways to support your retirement goals, I’m here to provide expert guidance tailored to your needs. Lawton’s combination of military pride, natural beauty, and community spirit makes it a wonderful place to call home, and I am honored to support its residents in achieving financial peace of mind.
Contact your Lawton 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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