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Largo Reverse Mortgages

Whether you have been a homeowner in Largo, Florida, for five years or 15, this beautiful city always offers something new to discover. However, as you enter your retirement, you may wonder about the best way to maintain your lifestyle on a new income. Luckily, a reverse mortgage is a great financial option that allows you to access money to use for anything from paying bills to financing your next big vacation.


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What Is a Reverse Mortgage?

A reverse mortgage is a financing option for retirees who may have limited savings but a lot of equity in their home. We offer two reverse mortgage options to provide greater flexibility. The first is a home equity conversion mortgage (HECM) which has additional insurance from the Federal Housing Administration. The second is a proprietary reverse mortgage, which is for high-value homes and does not have federal insurance.

Advantages of a Reverse Mortgage

Some of the main benefits of requesting a reverse mortgage include:

  • Tax-free income: All funds you receive from a reverse mortgage qualify as tax-free income.
  • Homeownership: Instead of selling your home to liquidate this asset, you can age in place while still having access to the funds you would have obtained from a sale.
  • Secure funding: The money from a reverse mortgage is secure, which means that even if the housing market fluctuates, you will still have access to a reliable funding source.
  • Financial freedom: Reverse mortgages allow you to choose how you use the funds for an additional reliable income source.

Eligibility Requirements for a Reverse Mortgage 

Like other lending options, reverse mortgages have specific requirements. For example, you must be at least 62 years old to qualify for a reverse mortgage. Borrowers must also attend a federally approved information session to ensure they meet and understand the loan requirements.

Other requirements include owning sufficient equity in the home. Additionally, the home you wish to use a reverse mortgage on must be your primary residence.

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Why Choose Senior Lending Corporation?

When it comes to your reverse mortgage, it’s essential to work with a reliable company you can trust. Luckily, Senior Lending Corporation offers a variety of benefits, such as:

  • Years of reverse mortgage experience: We have years of experience helping homeowners in Largo get more out of their retirement, making us a top choice for many homeowners.
  • Licensing in Largo and the entire state of Florida: As a local reverse mortgage company, our team meets all the requirements and qualifications needed to provide customized reverse mortgage solutions for your home.
  • Reliable reverse mortgage expertise: Our team will ensure you have access to a wide range of information before you make any decisions regarding your reverse mortgage.
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Learn More About How Our Largo Reverse Mortgage Company Can Benefit You

Enjoy peace of mind about your finances during your retirement with Senior Lending Corporation. Our management team has years of experience in the HECM reverse mortgage and proprietary reverse mortgage industry, and we will match you with the right program that meets your needs. To speak with one of our licensed reverse mortgage counselors, we invite you to call us at 800-822-1190 or complete our online contact form.