WHAT
IS A FLORIDA REVERSE MORTGAGE?
A Florida Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The Florida
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The Florida Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a Florida Reverse Mortgage you retain
the Title to your Home. That means with a Florida Reverse Mortgage
you can sell your Home at Anytime. A Florida Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A Florida Reverse Mortgage
does not affect Social Security and Medicare. With a Florida Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A FLORIDA REVERSE MORTGAGE
• Educate yourself about a Florida Reverse Mortgage.
• Get a free information package about a Florida Reverse Mortgage.
• Speak with a qualified lender about your option of a Florida
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a Florida Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a Florida Reverse Mortgage.
• Upon reaching a decision to pursue a Florida Reverse Mortgage
complete an application with a qualified Florida Reverse Mortgage
Specialist.
• The Florida Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The Florida Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the Florida Reverse Mortgage you receive your
Tax Free Cash. |
|
