Port Charlotte’s warm, subtropical climate and numerous attractive housing choices make this beautiful Florida city of over 64,000 residents a popular living option for seniors. At Senior Lending Corporation, we provide reverse mortgages that can make your retirement more comfortable by giving you additional financial freedom.
This mortgage type is a financial instrument that allows you to convert your home’s accumulated equity into cash. Unlike a traditional loan, you don’t need to repay a reverse mortgage on a regular schedule because the balance isn’t due until you leave the home. You can take the proceeds as a line of credit or in a lump sum.
A home equity conversion mortgage (HECM) is a popular reverse mortgage type. The HECM is a Federal Housing Administration-insured product and is accessible to homeowners in various financial situations. Proprietary home mortgages are also available for high-value homes.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
A home equity conversion mortgage can bolster your financial standing in several ways:
To be eligible for these loans, you must be 62 or older and have adequate equity in the home. You must also remain in the home and use it as your main residence. Minimal income and credit requirements may apply.
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There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.
As one of the most trusted reverse mortgage companies in Port Charlotte, Florida, Senior Lending Corporation is a licensed provider you can trust. You’ll benefit from our years of local experience and transparent pricing policies — there are no hidden fees or surprise charges.
Call us at 800-822-1190 or contact us online to learn more about local reverse mortgages in Port Charlotte.
