Daytona Beach is renowned for its beautiful sandy beaches, world-famous speedway and abundance of outdoor activities. If you have the good fortune of living in this vibrant city on Florida’s Atlantic coast, a reverse mortgage from Senior Lending Corporation can help you enjoy an even more comfortable retirement.
As you continue to make monthly mortgage payments, you can accumulate a substantial amount of equity, which reflects the difference between the loan’s remaining balance and your property’s value. A reverse mortgage enables you to access this equity as a line of credit or lump-sum cash. You don’t have to repay the loan for as long as you live in the home.
A Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage loan type. The Federal Housing Administration insures this arrangement, and you can maximize its advantages with a range of flexible payout options. A proprietary loan can be a viable alternative for owners of high-value properties.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
As you continue to make monthly mortgage payments, you can accumulate a substantial amount of equity, which reflects the difference between the loan’s remaining balance and your property’s value. A reverse mortgage enables you to access this equity as a line of credit or lump-sum cash. You don’t have to repay the loan for as long as you live in the home.
A Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage loan type. The Federal Housing Administration insures this arrangement, and you can maximize its advantages with a range of flexible payout options. A proprietary loan can be a viable alternative for owners of high-value properties.
A home equity conversion mortgage from Senior Lending Corporation can provide many benefits:
Eligible reverse mortgage applicants must be at least 62 years old and have sufficient equity in the property, which must be the home they use as a primary residence.
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 experienced and trustworthy reverse mortgage companies in Daytona Beach, we can ensure a memorable borrowing experience. We’re a fully licensed provider that operates with integrity and never charges hidden fees or other unexpected costs.
Learn more about the benefits of local reverse mortgages from Senior Lending Corporation. Call us at 800-822-1190 or contact us online.
