Reverse Mortgages Near You - Norman Reverse Mortgage Lender
Meet Damahco Ousley
Damahco Ousley
Reverse Mortgage Specialist
NMLS #2102342
(918) 771-9416
Get the best reverse mortgage deals in Norman, Oklahoma.
Damahco Ousley and Fairway Independent Mortgage Corporation are the top team in Norman if you are seeking quality advice about reverse mortgages – from Owasso to Broken Arrow and throughout Norman, 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 Norman.
“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 Norman 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 Norman climbed 2.7 per cent in the 12 months reaching $250,957*. (https://www.zillow.com/home-values/33136/norman-ok/)
There are 312 people in and around Norman who are already benefiting from a reverse mortgage with 8 of them signing up in the last 12 months.
About Norman, Oklahoma
Norman, Oklahoma, is a charming city located just south of Oklahoma City, known for its vibrant college-town atmosphere, rich cultural heritage, and warm community spirit. Home to the University of Oklahoma (OU), Norman combines a small-town feel with a lively arts and entertainment scene, making it a great place to live, work, and explore. With a population of over 125,000, Norman is a diverse and growing city that offers a unique blend of academic excellence, history, and modern amenities.
One of the highlights of Norman is its deep-rooted connection to the University of Oklahoma. The university’s picturesque campus is not only an academic hub but also a cultural and social centerpiece for the city. The Fred Jones Jr. Museum of Art, located on the OU campus, showcases an impressive collection of Native American and American art, making it a popular destination for art lovers. Another iconic landmark is the Sam Noble Oklahoma Museum of Natural History, where visitors can explore exhibits on dinosaurs, Native American history, and Oklahoma’s natural heritage. With the university’s influence, Norman is constantly buzzing with sports, concerts, and events that bring the community together.
Norman’s historic downtown district offers a mix of shopping, dining, and entertainment options that reflect the city’s friendly and welcoming vibe. Main Street is lined with boutique shops, art galleries, and local eateries that provide a charming small-town experience. The area also hosts several annual events and festivals, including the Norman Music Festival, which draws thousands of visitors to enjoy live music and local talent. For foodies, Norman’s dining scene ranges from classic Southern comfort food to international cuisine, ensuring there’s something for everyone.
Outdoor enthusiasts will appreciate the abundance of parks and recreational areas in Norman. Lake Thunderbird State Park, located just a short drive from downtown, is a popular destination for boating, fishing, hiking, and camping, offering beautiful natural scenery and plenty of outdoor activities. In addition to Lake Thunderbird, the city has numerous parks and green spaces, including Reaves Park and Andrews Park, where families can enjoy playgrounds, walking trails, and picnic areas. Norman’s dedication to providing recreational facilities for residents enhances its appeal as a family-friendly community.
Norman is served by the Norman Public Schools district, which is highly regarded for its academic programs and extracurricular activities. The city also benefits from its proximity to the University of Oklahoma, providing residents with access to higher education and cultural resources. Norman’s growing economy, affordable cost of living, and emphasis on education make it a popular choice for families, students, and professionals looking to settle down in a supportive and thriving community.
As a reverse mortgage loan officer serving Norman, I am here to assist homeowners in this wonderful community. Whether you’re considering a reverse mortgage to tap into your home’s equity or exploring financial solutions to support your retirement, I am available to provide expert guidance tailored to your needs. Norman’s unique blend of academic vitality, historic charm, and outdoor beauty makes it an exceptional place to call home, and I am proud to help its residents achieve financial peace of mind in retirement.
Contact your Norman 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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