Relax & Reverse

Carolyn Kalchthaler
Loan Officer NMLS #113318
Cell: (972) 333-4447
[email protected]

Hi, I’m Carolyn – Your Reverse Mortgage Specialist

I’m passionate about helping seniors find financial peace of mind through reverse mortgage solutions. With  29 years  of experience as a Loan officer, 21+ years with Supreme Lending and also  being over 65,  I have  a deep understanding of the unique needs of retirees first hand, I’m here to guide you through every step of the process with honesty, clarity, and care.

I believe that every homeowner has a story—and a unique set of goals. That’s why I take the time to listen, answer your questions, and help you explore options that make sense for your lifestyle and future. Whether you’re looking to eliminate your monthly mortgage payment, access the equity in your home, or simply gain more financial flexibility, I’m here to help you make confident, informed decisions.

This is how a reverse mortgage could work for you.

✔ Supplement Retirement Income,
✔ Eliminate Monthly Mortgage Payments,
✔  Create a Growing Line of Credit for Future Needs,
✔ Cover  Home Healthcare Costs ( Medicare, RXs, in home care)
✔  Complete Home Repairs and Renovations,
✔  Purchase a New Home, or
✔  Simply Enjoy More Financial Freedom and Breathing Room

If you or a loved one want to explore the mortgage options, I’d love to chat and walk you through what’s possible. No sales pressure ever, I am not a salesperson, never have been, just honest, personalized advice and real solutions, so you can decide what option is right for you with confidence and peace of mind.

Age in place! Relax and reverse! I am looking forward to chatting with you!

Call me: 972.333.4447
email me

News! NO credit score needed nor are there any  Income Requirements

Your income or credit score is not a consideration for a reverse mortgage. Why? No payments are required while  you occupy. Credit history and current monthly commitments are part of the financial assessment. At closing, your home is paid off in the reverse mortgage process.

Frequently Asked Questions

What is a Reverse Mortgage?

A reverse mortgage is a type of loan that enables homeowners over the age of 62 to borrow from the equity in their homes – turning equity into available cash with no required monthly mortgage payments. This financial tool serves as a powerful means to supplement retirement income, cover living and medical expenses, or simply provide some extra breathing room.
What makes them distinct from other types of loans is that the homeowner never has to make any payments although they have the option to make payments if they choose. Like traditional loans, reverse mortgages accrue interest over time, so the unpaid balance grows. When it’s time to repay the loan, both the principal amount borrowed and all accumulated interest must be paid back, but the borrower will never owe more than the value of the home.
The loan is repaid in full when the home is no longer the borrower’s primary residence (i.e., sells their home, permanently moves, or passes away).
Homeowners can choose to receive their loan as a lump sum, in monthly installment payments, or as a line of credit, or a combination of these.

what are the property requirements?

The home must be one of the following:

  • Single-family home
  • 2- to 4-unit home, only  if you live in one unit)
  • Condominium is ok  if FHA approved.
  • Manufactured home (must meet FHA requirements)
    What can a Reverse Mortgage be used for?
    Reverse mortgage borrowers may use the proceeds however they wish. There are no limitations on how to use the funds. Some examples include:
    • Pay off a mortgage or home equity loan
    • Pay off credit cards or other debts
    • Pay for in-home care or other medical expenses
    • Make home repairs or renovations
    • Pay property taxes and insurance
    • Stop foreclosure
    • Pay college tuition for grandchildren
    • Travel
    • Purchase a home
    How Much Money can I take out of My Home?
    The amount a homeowner can borrow depends on a few factors – your age, the interest rates, your home’s appraised value and your chosen payment method. Older borrowers generally qualify for more funds.
    How do I receive the Proceeds?
    You can take your funds as a lump sum, as monthly payments, or a line of credit. You can also use a combination of these options.
    Will I have to repay the loan?
    Yes. The loan becomes due when the home is no longer the borrower’s primary residence. This typically happens when the borrowers:
    • Sell the home
    • Move out for 12 months or longer
    • Fail to pay property taxes, homeowners insurance or HOA dues
    • Fail to keep the home in good condition
    • Pass away
    What happens if I pass away? Can I leave the home to my heirs?
    After the last borrower has passed, the heirs have multiple options to repay the loan. They may choose to sell the home, refinance the home, pay off the home, or walk away. If the heirs decide to sell or refinance, the reverse mortgage is paid off at closing and any remaining equity becomes their inheritance.
    Reverse mortgages are non-recourse loans, which means that if the loan balance is more than the home’s value, neither you nor your heirs are responsible for paying the shortfall. That is covered through mortgage insurance.
    What are my responsibilities as a borrower?
    • Borrowers will need to maintain the home as their primary residence
    • All property taxes, homeowners insurance and HOA dues need to be paid by the borrower and must be current
    • The home needs to be maintained in good order as per FHA requirements
    Does the bank own my home?
    No. A reverse mortgage allows homeowners to retain the title and ownership of their home for as long as they live in the home and the loan remains in good standing. Like other loans, this requires the borrower to keep up with property taxes, insurance, HOA dues and maintenance.
    How do I Qualify for a Reverse Mortgage?

    In order to be eligible for a reverse mortgage, you must meet the following requirements:
    • The youngest borrower/spouse must be 62 or older
    • Your property must be a single-family home, 2- to a 4-unit dwelling or FHA-approved condo
    • You must live in the home as your primary residence (at least 6+ months per year)
    • You must be a homeowner with significant equity
    • You must receive Reverse Mortgage counseling from a HUD-approved 3rd party agency

    Let’s get Started!

    If you’d like to learn more about reverse mortgages, fill out this form and I will contact you as soon as possible

    I am a:

    Consent:

    14 + 7 =

    Carolyn Kalchthaler | Loan Officer NMLS #113318 | 14801 Quorum Drive Suite 300 | Dallas, TX 75254

    This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York. For New York applicants, please visit our New York authorized website: www.supremelendingnewyork.com. © 2026 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org ) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved. Supreme Lending is an Equal Housing Opportunity Lender. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency. For licensing information, go to: www.nmlsconsumeraccess.org . Supreme Lending is an equal opportunity employer and does not practice discrimination based on age, gender, race, religion, national origin, as well as any other rights afforded to applicants under state and federal law.

    This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.