Larry McAnarney
815-703-4745
Florida Reverse Mortgage Information
Unlock Your Home's Equity: Florida Reverse Mortgage
Welcome to Mutual of Omaha Reverse Mortgage, your reliable source for reverse mortgage information in Florida. If you're a homeowner aged 62 or older (55 in some states), and live in Miami, Tampa, Jacksonville, Orlando, Fort Myers, or anywhere in the Sunshine State, I can answer all your questions and provide you with the details you are looking for to make an informed decision. Discover how you can leverage your home equity to achieve financial security and peace of mind in retirement.
Why Choose a Reverse Mortgage in Florida?
Florida is renowned for its beautiful beaches, warm climate, and vibrant communities, making it a popular destination for retirees. With a reverse mortgage, Florida homeowners can access their home equity without the need to make monthly mortgage payments, providing flexibility to enjoy retirement on your terms.
Your Trusted Resource for Reverse Mortgages in Florida
I am committed to providing Florida homeowners with the information and resources they need to make informed and educated decisions about reverse mortgages. I can guide you through the reverse mortgage process with expertise and professionalism.
Don't let your home equity go untapped—discover the possibilities of a Florida reverse mortgage today. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a home, or fund home improvements, a reverse mortgage could be the key to unlocking the equity in your home and securing your financial future.
Ready to Take the Next Step?
Unlock the potential of your home equity with a reverse mortgage from Mutual of Omaha Reverse Mortgage. Contact me today at 815-703-4745 to schedule a free no obligation consultation and learn more about how a reverse mortgage can help you achieve your financial goals in retirement. Your financial future starts here.
Contact me today to get started!Reverse Mortgage Frequently Asked Questions
Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
The specific amount depends on several factors, including:
- Your…
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…
The loan must be paid in full when one of the following occurs:
- A “maturity event” —…
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…