Florida Reverse Mortgage

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Are you a senior in currently living in sunny Florida or interested in retiring to the Sunshine State? Looking for a way to increase financial flexibility and enjoy a.

David Levitt, our South Florida Branch Manager, is an industry expert in Reverse Mortgages, Home Equity Conversion Mortgages and H4P/HECM for Purchase.

How Much Home Can I Afford? NSH Mortgage Lender Can Help Florida Calculate how much house you can afford with our home affordability calculator that factors in income, down payment, and more to determine how much home you can afford. If you earn $5,500 a month.

Reverse Mortgages Now Harder to Get. If you’ve thought about taking a reverse mortgage, be aware that new rules might make it harder for you to qualify

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care.

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All Reverse Mortgage originates in Florida and offers refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment; or can help borrowers utilize their equity for other purposes if they have no existing loan or possibly a combination of both.

The HECM is FHA’s reverse mortgage program that enables you to withdraw a portion of your Florida home’s equity. You can also use a Florida reverse mortgage to purchase a primary residence if you are able to use cash on hand to pay the difference between the mortgage proceeds and the sales price plus closing costs for the Florida home you are purchasing.

Florida Specific reverse mortgage information Please Contact Us to receive reverse mortgage information from a company that’s experienced and licensed in Florida. Basic Reverse mortgage requirements borrowers must be age 62 years or older

Florida Reverse Mortgage – If you are looking for an easy mortgage refinance, then we can help. Find out how much you can save today.

Florida Reverse Mortgages Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth.