Licensed to originate in Texas, Mike is enthusiastic about his involvement within this industry and is honored to work with his clients and their families. Mike was an approved CE (continuing education) instructor by the Texas Real Estate Commission for 5 years and instructed countless classes of real estate agents regarding the HECM for Purchase program.

Meet Your Retirement Mortgage Specialist
Michael Harrell

President and Co founder

Michael Harrell is a President/Sr. Loan Originator at Thinking Reverse in Dallas, Texas. With 25 years of experience, Michael has assisted over 2,500 families, funding over $550 million in loans for homeowners. He specializes in both traditional and reverse mortgages, including FHA/VA, conventional, and Jumbo financing options. In today’s complex mortgage landscape, working with an experienced professional like Michael is crucial to navigating the challenges effectively. Michael is also a Certified Mortgage Planning Specialist (CMPS), a designation held by fewer than 7% of loan originators.

Mike owned and managed one of the largest mortgage lending branches in Dallas, Texas which led to vast experience in originating loans on a national platform. By mid-year 2008 he received approval from the bank’s executive team to build their first reverse mortgage division. Within 5 months that division was ranked within the top 20 in the nation by volume. Mike has been exclusively involved with reverse mortgage lending since 2010.

Mike strongly believes in reverse mortgage lending and how it can make positive changes to seniors’ lives. He has witnessed these positive changes repeatedly. Mike strives to make sure each client is taken care of in the best way possible and maintains his client relationships long after their loans are closed.

A reverse mortgage in Dallas could potentially be a good fit for someone under certain circumstances. A reverse mortgage is a financial product designed for homeowners who are at least 62 years old, allowing you to convert a portion of your home equity into cash without having to sell their home or make monthly mortgage payments.

A reverse mortgage in Dallas can provide supplemental retirement income, allow you to age in place at and stay in your home, provide flexible payout options, and eliminate monthly mortgage payments–among other things.

To be eligible for a reverse mortgage in Dallas, the primary borrower must be at least 62 years old, you must own the home outright or have a significant amount of equity in it, the home must be your primary residence, and you will still be expected to pay for property-related expenses like taxes, insurance, and maintenance. All borrowers must go through counseling, as well.

There are additional requirements that can be covered in greater detail with Michael and his team.

There are three types of reverse mortgage loans that Michael originates in Dallas and surrounding areas – Home Equity Conversion Mortgages (HECMs), HECM for Purchase (H4P), and Jumbo Reverse Mortgage Loans. Depending on your situation, Michael will recommend the product that best meets your needs.

When consulting his reverse mortgage customers in Dallas, Michael takes a holistic approach of reviewing your overall financial well-being and seeing if a reverse mortgage makes sense with consideration to several different variables.

Michael originates Reverse Mortgages in Dallas, Texas and many surrounding areas like Plano, Arlington, Frisco, Ft. Worth, Garland, Carrolton as well as throughout Texas and several other states.

What Clients Are Saying

Testimonials

Michael guided us through the reverse mortgage with professionalism and transparency. He truly made us feel at ease with our decision.

This loan changed our retirement for the better. We appreciate Michael's patience and his clear communication throughout the process.

Our experience with Michael Harrell has been nothing short of exceptional. His expertise and dedication made the reverse mortgage process smooth and stress-free.

Mike thanks for all of your help and support. Please stick around for at least a few years so we can use you again for that last house purchase down the road. If we can give you 5 stars some place for evaluation let me know! You may feel free to use us as references.

What is a Reverse Mortgage Loan?

A reverse mortgage is a unique loan that allows seniors aged 62 and older to convert a portion of their home equity into cash, with no repayment required until they move out or pass away. This provides financial flexibility for retirees, including a line of credit or a lump sum of cash.

Benefits of a Reverse Mortgage

No monthly mortgage payments (excluding taxes, insurance, and maintenance)
Growing line of credit (on unused funds)
Increased cash flow
Option to sell your home at any time
Payment deferral until the last borrower permanently leaves the home
Bridges the Medicare gap.
Increases purchasing power

Working with Michael Harrell in Dallas, TX

Michael Harrell and his team are committed to delivering exceptional service with quick turnaround times, extensive training, and personalized financial planning.

Benefits of working with a loan officer in Dallas, TX

We Deliver On Customer Service

Our customers experience some of the fastest turn times in the industry. The reverse mortgage loan process is designed to exceed expectations, provide satisfaction and earn your trust.

Specialized Training

Each loan officer is required to attend live training classes before he or she can originate a reverse mortgage loan. Our Reverse mortgage planners have access to a dedicated support staff and ongoing weekly educational training calls.

National In-Person Appointments

We have offices located nationwide with trained reverse mortgage planners, giving us the ability to meet with you in a face-to-face setting.

Who We Serve:

Homeowners: Unlock the potential of your home equity to secure a financially stable retirement.
Financial Advisors: Partner with us to make informed decisions for your clients.
Realtors: Benefit from our expertise in helping clients with smooth, seamless transactions.

Resources and Tools Available:

Reverse Mortgage Calculator
Reverse Mortgage Myths & Facts
Free Reverse Mortgage Brochure

Meet Your Retirement Mortgage Specialist Michael Harrell