Get Best Old-Age Benefit With Florida Reverse Mortgage

Member Benefits. Florida Realtors member benefits; member services Brochure (PDF). Getting kicked out of their homes in old age runs counter to the government’s age-in-place motivation for the program and the promises made in the TV ads targeted to seniors.. Reverse mortgages don’t get.

florida reverse mortgages. Floridians are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement. The number of HECM reverse mortgage loans in Florida has increased 35% since 2014. 1 As one of the largest reverse mortgage lenders in the nation, Liberty Home Equity Solutions, Inc. (Liberty) has helped more than 1,100 Florida homeowners since 2011 2 discover.

“I find that financial planners are a huge benefit to my business. I probably get 25 percent of my business. of heart in how they perceive reverse mortgage products,” he says. “They’ve had clients.

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Reverse Mortgages in Florida for Retirees Many retirees are now considering a reverse mortgage in Florida. The logic is sound. reverse mortgages allow a homeowner over the age of 62 who has some equity in their home tap into the equity while not paying their mortgage payment after receiving their lump sum.

While a broker can’t offer you any guarantees, they can arm you with important information that will help you make the best decisions for you and your family. Learn More: What Types of Mortgages..

FHA-backed reverse mortgages have changed a lot since then, particularly in the past few years. Loan value ceilings have increased, payment options have diversified, regulation has gotten tighter, and different types of reverse mortgage products have been introduced to the market. Despite this, reverse mortgages remain a contentious product.

The National Reserve Mortgage Lenders Association publishes a list, sorted by state, of approved lenders who originate reverse mortgages. Department of Housing and Urban Development also publishes a list of approved HUD lenders. Remember to check the box that limits the search to lenders who have completed a HECM loan within the past 12 months.

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