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A reverse mortgage loan enables miami senior homeowners to sustain their retirement while living in the home and community they love. Contact us for reverse mortgage information and our no obligation reverse mortgage informational package. We provide reverse mortgages loans for seniors throughout Florida and surrounding area. Point Mortgage.
REVERSE MORTGAGE LENDERS FLORIDA. FLORIDA REVERSE MORTGAGE REQURIMENTS: Own the property outright or owe less than 50% balance on your Florida home. Be 62 years of age or older. Occupy a Florida home as your principal residence. Not be delinquent on any federal debt.
A reverse mortgage is a government-insured program designed for homeowners 62 and older that have equity in their homes and want to eliminate their mortgage payments and/or receive supplementary income. Proceeds from a reverse mortgage can be accepted in either a lump sum or regular monthly payments. Reverse Mortgages in Florida.
Reverse Mortgage Providers in Florida. Senior homeowners in Florida have a rich well of resources for reverse mortgages. If you are a homeowner, over the age of 62 and hoping to stay in the home permanently, you may be a good candidate for a reverse mortgage.
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You might find reverse mortgage originators that offer higher or lower margins and various credits on lender fees or closing costs. Upon choosing a lender and applying for a HECM, the consumer will receive from the loan originator additional required cost of credit disclosures providing further explanations of the costs and terms of the reverse.
Top Florida Reverse Mortgage Lenders Due to large changes in the marketplace that occurred around 2012 – large banks getting out of the business – it’s worth listing both the top originators of all time and those who have led since then.
Florida Mortgage Corporation offers reverse mortgages for Florida property only. A "reverse" mortgage is a loan against your home that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. The cash you get from a reverse mortgage can be paid to you in several ways:
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