Reverse Mortgages Near You - Oklahoma City Reverse Mortgage Lender
Meet Damahco Ousley
Damahco Ousley
Reverse Mortgage Specialist
NMLS #2102342
(918) 771-9416
Get the best reverse mortgage deals in Oklahoma City, Oklahoma.
Damahco Ousley and Fairway Independent Mortgage Corporation are the top team in Oklahoma City if you are seeking quality advice about reverse mortgages – from Owasso to Broken Arrow and throughout Oklahoma City, 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 Oklahoma City.
“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 Oklahoma City 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 Oklahoma City climbed 1.7 per cent in the last 12 months reaching $199,271*. (https://www.zillow.com/home-values/33225/oklahoma-city-ok/)
There are 854 people in and around Oklahoma City who are already benefiting from a reverse mortgage with 33 of them signing up in the last 12 months.
About Oklahoma City, Oklahoma
Oklahoma City, Oklahoma, is a vibrant and thriving metropolis that blends a rich historical heritage with modern amenities and Southern hospitality. As the capital of Oklahoma, it’s the largest city in the state and home to over 650,000 residents, offering a diverse range of attractions, a booming economy, and a strong sense of community. Oklahoma City, often called "OKC," has made a name for itself as a place where traditional charm meets dynamic growth, making it a wonderful place to live and visit.
Founded during the Oklahoma Land Run of 1889, Oklahoma City has a fascinating history that is celebrated throughout the city. The National Cowboy & Western Heritage Museum, for example, highlights the region’s cowboy and Native American heritage, while the Oklahoma City National Memorial and Museum honors the resilience and unity of the city following the 1995 bombing of the Alfred P. Murrah Federal Building. Oklahoma City's rich history is woven into the fabric of its neighborhoods, where historic homes and buildings sit side by side with modern developments.
Oklahoma City is known for its vibrant cultural and recreational offerings, which cater to a variety of interests. The Bricktown Entertainment District, located in a former warehouse area, is now a lively spot for dining, shopping, and entertainment, complete with a scenic canal that visitors can explore by water taxi. Families can enjoy visiting the Oklahoma City Zoo and the Science Museum Oklahoma, both of which provide interactive and engaging experiences. For sports fans, the city is home to the NBA’s Oklahoma City Thunder, whose games bring excitement and energy to the Paycom Center. Additionally, the revitalized Scissortail Park, with its beautiful landscapes and outdoor activities, is a popular spot for relaxation and community events.
Outdoor enthusiasts will find no shortage of green spaces and recreational areas in Oklahoma City. The city is located near Lake Hefner and Lake Overholser, both of which offer boating, fishing, and picnicking opportunities. The Boathouse District on the Oklahoma River is a unique attraction, featuring activities such as rowing, kayaking, and riverside trails for walking and biking. Oklahoma City’s commitment to enhancing its green spaces and providing residents with outdoor recreational options has made it a prime destination for people seeking an active lifestyle.
Oklahoma City is also recognized for its strong economy, driven by sectors such as energy, aerospace, healthcare, and technology. The city’s affordability, coupled with its job growth, has attracted newcomers from across the country. Oklahoma City’s public and private school systems, as well as its proximity to universities like the University of Oklahoma, Oklahoma State University – Oklahoma City, and Oklahoma City University, also make it a great place for families and students seeking educational and professional opportunities.
As a reverse mortgage loan officer serving Oklahoma City, I am dedicated to assisting homeowners in this dynamic and welcoming city. Whether you’re exploring a reverse mortgage to access the equity in your home or considering financial solutions to support your retirement goals, I’m here to provide personalized guidance. Oklahoma City’s blend of history, culture, and economic opportunity makes it a fantastic place to call home, and I’m honored to support its residents in achieving financial peace of mind.
Contact your Oklahoma City 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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