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.
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.
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:
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.