As the third-most populous municipality in Palm Beach County, Florida, Boynton Beach is an attractive city for seniors looking for an ideal retirement community. Senior Lending Corporation helps older residents in Boynton Beach and throughout Florida enjoy a more financially secure retirement with a reverse mortgage loan.
Have you owned your Boynton Beach home for many years? Those mortgage payments you’ve been making every month have helped you build equity, which is your ownership stake in the property. A reverse mortgage is a financial instrument that allows you to tap into the equity and use it for anything you wish. Receive the money as a one-time cash payout, in regular installments or as a revolving line of credit.
Most borrowers take advantage of the Home Equity Conversion Mortgage (HECM) program when obtaining a reverse mortgage. These loans include insurance provided by the Federal Housing Administration. Owners of high-value homes can opt for proprietary loans offered and insured by a private reverse mortgage company.
These loans for seniors offer numerous benefits:
Age is one HECM reverse mortgage qualification — you must be 62 or older to be eligible. The home must be your primary residence, and you need sufficient equity. Applicants are also required to attend a counseling session provided by a federally insured agency.
"*" indicates required fields
Our team of trained professionals will do whatever it takes to deliver a memorable client experience. You’ll collaborate with a personal advisor who will take the time to understand your needs and help you navigate the process from start to finish.
We’re licensed in Boynton Beach and throughout Florida, and we have an outstanding reputation for honesty, integrity and transparency in every community we serve.
Our licensed Boynton Beach reverse mortgage advisors are standing by and ready to assist you. Take the next step and call us at 800-822-1190 and start the application process today. You can also contact us online to request additional information.
