Reverse Mortgages Near You - Tulsa Reverse Mortgage Lender
Meet Damahco Ousley
Damahco Ousley
Reverse Mortgage Specialist
NMLS #2102342
(918) 771-9416
Get the best reverse mortgage deals in Tulsa, Oklahoma.
Damahco Ousley and Fairway Independent Mortgage Corporation are the top team in Tulsa if you are seeking quality advice about reverse mortgages – from Owasso to Broken Arrow and throughout Tulsa, 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 Tulsa.
“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 Tulsa 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 Tulsa climbed 7.5 per cent in the 18 months reaching $203,185*.
That was a jump of 11.1% in the last 18 months* since a slight correction in early 2023.
They also appreciated an incredible 65.1 per cent since March, 2019. (https://www.zillow.com/home-values/20859/tulsa-ok/)
There are 922 people in and around Tulsa who are already benefiting from a reverse mortgage with 46 of them signing up in the last 12 months.
About Tulsa, Oklahoma
Tulsa was settled by the Muskogee (Creek) Nation in 1836.
They named it ‘Tallasi’ meaning ‘old town’.
The first oil well was discovered there in 1901 near the banks of the Arkansas River.
It saw Tulsa’s population climb to more than 18,000, a rise of 1200 per cent in the decade, as entrepreneurs rushed to the oilfields.
By 1930, the figure had risen to 141,000, earning Tulsa its nickname as the ‘oil capital of the world’.
The oil riches shielded Tulsa from many of the challenges and struggles of the Great Depression.
Many art deco buildings from that era can still be seen in Tulsa today.
The city is also known as the birthplace of the famous route 66 because of Tulsa businessman Cyrus Avery’s role in the creation of the trek from Chicago to LA.
The second-most populous city in Oklahoma is now home to more than 410,000 people.
It is considered the state’s cultural and arts home with two art museums as well as professional opera and ballet companies.
The Center of the Universe is a popular and natural acoustic attraction in Tulsa where the whispers of visitors are mysteriously echoed several times louder.
Contact your Tulsa 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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