Reverse Mortgages

Is a reverse mortgage right for you? If you are 55 and over, give us a call to get a Confidential, no Pressure Consultation. We have years of experience and any senior can tell you... EXPERIENCE matters.

CALL 321-710-7919

Reverse Mortgage Refi Special!

For the Month of January 2025 you will receive a lender credit for the FULL cost of your appraisal fee!

This credit will be applied at close to your closing statement.

Give me a call and see if you qualify to refinance your current Reverse Mortgage, and if it is right for you.

Just because you can, doesn't mean you should.

Home Equity Conversion Mortgage

A HECM is an FHA loan that is for:

▶️Seniors 62 and older
▶️Who own a home, condo (FHA approved), townhouse, or manufactured home
▶️Have equity they would like to access, or a house payment they would like to extinguish.

This loan does require you to have equity in the home as the HECM has limits as to how much you can borrow against your homes value.

The easiest way to find out the maximum loan amount is to contact us for a proposal.
The proposal lays out all the details, and costs of the HECM loan.

There is no charge to get a personalized proposal and includes the NCOA's Use Your Home to Stay at Home© guild. This guild is the official federally approved consumer booklet for older homeowners who are considering using reverse mortgage to stay in their home. The guide also provides information on other housing and home equity options available to older adults who are looking to remain in their homes as they age.

Jumbo Reverse Mortgage

FHA has a cap on the "Max Claim" or value of the home. The 2024 cap is $1,149,825.00. So what if you have a 5 Million dollar home and need to pay off a 1 million dollar mortgage? You would not be able to achieve your goal with the HECM. We have several options for a Jumbo Reverse Mortgage.

Minimum borrower age is only 55 years old (some states the minimums are is 60 or 62)

Loan amounts up to $10,000,000.00

No Mortgage Insurance premium

No initial disbursement limitation

Condos do not need FHA approval

No monthly payment is required *you only need to follow the loan's terms and pay your other payment obligations such as property taxes, homeowners insurance and maintenance.

Reverse 2nd Mortgage

Do you have a 1st mortgage with a very low interest rate and a comfortable payment? Do you need to access some of your homes equity but can't afford or maybe can't qualify for another payment with your current income? The a reverse 2nd maybe the option for you.

Turn your equity into cash

No required additional monthly mortgage payment

Compliments existing, low-rate first mortgages

Offers loans from $50,000 up to $4M

Includes a non-recourse safety net incase the home depreciates in value.

You must have a traditional 1st mortgage and have at least 10 yrs left on you payment.

Age 55 and up (Texas requires 62)