Florida Reverse Mortgages

Florida Reverse Mortgage Lenders

Stimulus Package Helps Seniors
  
Get More from Reverse Mortgages
     

HUD Reverse Mortgages

Congress Extends Reverse Mortgage Lending Limits to $625,000 through December 31, 2010.

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What is a Reverse Mortgage?
    
 Reverse Mortgages allow a homeowner to convert a portion of the value in their home into cash. No repayment is required until the borrower(s) no longer use home as their principal residence.
     

   
Who Can Qualify for a Reverse Mortgage?

All Borrowers MUST BE 62 years of age, or older
Must occupy the home as your principal residence
No credit, income or health requirements to qualify
Social Security & Medicare benefits are not affected
No Taxes are paid on Cash from Reverse Mortgages
Cash may be used for any purpose, no restrictions
You keep the title and may sell your home at any time
No repayment for as long as you occupy your home

Disclaimer: Calculator is only intended to provide an estimate of the maximum amount of available funds from a HECM Loan. Calculator results cannot be used in place of a Good Faith Quote and is not an offer for credit or approval. We Do Not Make Loans.

   
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Get the Truth About All Reverse Mortgage Options

HUD Reverse Mortgage Calculator

   Find Out Instantly if You Qualify

Calculator attempts to estimate your property value by homeowner name, address, and phone number.

Zip Code:
First Name:
Last Name:
Street Address:
City:
State:
Home Value:
Mortgages:
Youngest Borrower Birth Date
 

Telephone: 

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HUD Reverse Mortgages for Seniors

Reverse Mortgages are Guaranteed by the Federal Government
   
HUD's Federal Housing Administration (FHA) created Reverse Mortgages, known as HECM's, Home Equity Conversion Mortgages. The HECM Loan is a Safe Government Backed Program.

Since your home is probably your largest single investment, you should know more about all of your options to decide if a Reverse Mortgage is right for you. Consult your family and advisors 

HUD Reverse Mortgages are Guaranteed by the Department of Housing and Urban Development and Insured by FHA

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