Lehigh Acres Reverse Mortgage Counselors
Your retirement years should be some of the best in your life. You've done the hard work, and you deserve to relax and enjoy your time. Unfortunately, taking it easy can be a challenge if you're constantly thinking about your finances. That's where a reverse mortgage comes in.
Senior Lending Corporation is your local reverse mortgage company in Lehigh Acres. Let us help you find the path to financial security throughout retirement.
What's a Reverse Mortgage?
As the term suggests, a reverse mortgage works opposite a traditional mortgage. Instead of taking out a loan to buy a home, your home serves as collateral for a loan. Depending on your home's equity — or market value —you may qualify for a sizeable award, giving you more funds for daily expenses, paying off debts, making home improvements and having fun with the people you love most.
When most people discuss reverse mortgages, they're talking about a particular type of loan called a Home Equity Conversion Mortgage. HECMs are federally insured, so lenders are often more willing to work with a wider range of homeowners, making it a more accessible option for many people.
Advantages of Reverse Mortgages
With a reverse mortgage, you can access more money to do the things you want. Once you're approved for a loan, the money is yours to spend however you want and make the most of your retirement.
Before you complete your application, ensure you meet the basic requirements:
- Be 62 or older.
- Live in your single-family home as a primary residence.
- No minimum credit score requirements.
- Evaluate your finances to ensure you have the security to pay your loan back.
How It Works
Once you've learned the basics of reverse mortgages, you can be on your way to one in six easy steps with Senior Lending Corporation:
- Attend a counseling session, which is mandatory in Florida.
- Complete your application with input from our team.
- Appraise your home's equity with a certified appraiser.
- Wait for your closing documents to sign.
- Enjoy your extra funds!
Why Work With Senior Lending?
As Florida's top reverse mortgage company, our counselors strive to deliver the best services every day. We're licensed throughout the state to help people like you have the retirement they deserve. Our trusted reverse mortgage experts have years of training and on-the-job experience, and we keep our clients up to date on the latest developments and changes in the industry, ensuring you can always make the most informed decisions about your loan.
Contact Your Local Reverse Mortgage Company Today
Senior Lending is here to help you and your loved ones get peace of mind in funding your retirement. Still trying to decide whether a HECM is the right choice for you? Give us a call at 800-822-1190, and let's discuss your options. You can also contact us online 24/7, and we'll get back to you as soon as possible to set up a consultation.