Loan Officer
Reverse Mortgage Specialist
NMLS #2544392
Cell: 817-217-8805
Branch: 214.340.5225
[email protected]

About ME

Hi, I’m Kristin Carroll, a Loan Officer with more than 20 years in the housing and mortgage industry. In the past year, I’ve shifted my focus to something I’ve come to truly believe in: Reverse Mortgages. After seeing firsthand how powerful this product can be for seniors — helping them access their home equity, reduce financial stress, and stay in the homes they love — I knew this was the path I wanted to take in my career.
At Supreme Lending, I specialize in Home Equity Conversion Mortgages (HECM) for homeowners 62 and older. I take pride in helping my clients understand how reverse mortgages can be a smart, flexible tool for retirement.

✔ Supplement Retirement Income,
✔ Eliminate Monthly Mortgage Payments,
✔  Create a Growing Line of Credit for Future Needs,
✔  Cover Healthcare Costs,
✔  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 — just honest, personalized advice and real solutions, so you can decide what’s right for you with confidence and peace of mind.
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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 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 to 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

Get In Contact

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

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Kristin Carroll Loan Officer NMLS #2544392 | 2106 E. State Hwy. 114 Southlake , TX 76092

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