Reverse Mortgages

Reverse Mortgages (also called HECM's or Home Equity Conversion Mortgages) enable senior citizen homeowners to tap into their equity without selling their home.  A Reverse Mortgage pays you money based on the equity you've accrued in your home.  With a Reverse Mortgage you can receive a lump sum payment, a monthly payment, a line of credit or any combination of the three.  Repayment of your reverse mortgage is not necessary until the property is sold, refinanced, all borrowers move away, or all borrowers pass on. 

Call a Reverse Mortgage Specialist today at 813-994-8877 ext 203.  They will explain the entire process to you.  Since there is no credit or income qualifying, all individuals aged 62 or older, with enough equity in their home will qualify.

There are only 5 questions that we must ask of you in order to qualify you:

     1.  Name

     2.  Address

     3.  Date of Birth

     4.  Value of your Home

     5.  How much do you owe on your home

Reverse Mortgages require you to be at least 62 years of age, have a low or zero balance owed against your home and maintain the property as your principal residence.

Reverse Mortgages are ideal for homeowners who are retired, no longer working, or just need to supplement their income.  Interest rates can be fixed or adjustable and the money is nontaxable and should not interfere with Social Security or Medicare Benefits.  You and/or your heirs will NEVER owe more than the market value of your home.