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Reverse Mortgage in Fort Lauderdale

Reverse Mortgage Company in Fort Lauderdale

Living by the ocean is excellent for retirees who love walking the beach in the early morning or at dusk. The beautiful weather and sunshine in Fort Lauderdale let you experience all the exciting attractions. To help you enjoy all your fun retirement plans, consider a reverse mortgage from Senior Lending Corporation. We’re a Fort Lauderdale reverse mortgage company assisting retirees in getting the most out of their retirement.


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What’s a Reverse Mortgage?

A reverse mortgage could help you during your retirement if you need extra money. Reverse mortgages are loans, but the money comes from your home’s equity. The mortgage turns the equity into usable funds, giving you more money to use throughout your retirement to pay off credit card debt or make needed home repairs.

One of the most popular and common reverse mortgages you could get is a home equity conversion mortgage (HECM). It is the most secure type of reverse mortgage because the government insures it. You can receive the funds from your HECM reverse mortgage in several ways, such as:

  • Lump sum.
  • Line of credit.
  • Monthly payments.

Reverse Mortgage Benefits in Fort Lauderdale

Retirement can be exciting when you use a reverse mortgage to gain extra income. You can appreciate the advantages of reverse mortgages , such as:

  • Tax-free income: All the funds you get from your reverse mortgage offer tax advantages because you don’t have to pay taxes on the money.
  • Secure funding: HECM reverse mortgages are federally insured. You won’t have to pay back any of the equity you use if your home’s equity decreases during a housing market decline.
  • Homeownership: You get to stay in your home while having a reverse mortgage and benefiting from the extra income.
  • Financial freedom: A reverse mortgage gives you financial freedom. You’ll have more money to use however you like.

Standard Requirements for a Reverse Mortgage

If considering a reverse mortgage, there are some requirements you must meet to qualify. You must:

  • Be at least 62 years old.
  • Have considerable equity in your home or own it.
  • Not have tax liens.
  • Maintain your home’s upkeep.
  • Use your Fort Lauderdale home as your primary residence.
  • Meet minimum credit and income requirements.
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Why Choose Senior Lending in Fort Lauderdale?

When you want a reverse mortgage, come to Senior Lending Corporation. We are your local reverse mortgage company, working to help you live retirement your way. Our team is ready to help you learn more about reverse mortgages so you can decide if one is the right choice for you. When working with us, you’ll appreciate how we:

  • Have many years of experience.
  • Have licenses in Fort Lauderdale and throughout Florida.
  • Have trusted reverse mortgage experts.

We ensure your priorities and wants are at the forefront of every decision. Trust our highly experienced and expert reverse mortgage counselors to walk you through the process.

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Speak With a Reverse Mortgage Counselor Today

Senior Lending Corporation is here whenever you want to establish a reverse mortgage. Our team will help you understand everything you need about reverse mortgages before opening one. Speak with one of our reverse mortgage counselors today when you call 800-822-1190.