North Port Reverse Mortgages

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What’s a Reverse Mortgage?

If you’ve lived in your North Port home for many years, you’ve likely accumulated significant equity as you’ve made your monthly mortgage payments. A reverse mortgage is a financial instrument that enables you to convert this equity into cash you can use to pay bills, take a vacation or fund other pursuits. Having more spendable funds can improve your quality of life during your retirement years.

A Home Equity Conversion Mortgage (HECM) is one of the most common reverse mortgage types. These reverse mortgages provide an excellent solution for attaining and maintaining a financially secure retirement.

Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!

Advantages of a Reverse Mortgage

A home equity conversion mortgage from Senior Lending Corporation can offer many benefits to older homeowners:

Tax-free cash: The IRS considers the money you receive via the HECM as loan proceeds instead of income, meaning you don’t have to pay taxes on it.
Flexibility: You can receive the funds as a lump sum or a line of credit, meaning repayment is optional — you can pay the interest, the principal and interest or nothing at all until leaving the home.
No credit score concerns: Unlike traditional loans, reverse mortgages typically do not have minimum credit score requirements to qualify.
Retain ownership: You will still own your home after getting a reverse mortgage, so your property taxes, maintenance and insurance remain unchanged.
No restrictions: You’re free to use the money however you see fit, including checking off some of those long-awaited bucket list items or even providing an advanced inheritance to your heirs.

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Basic Reverse Mortgage Requirements

To qualify for a HECM, you must be at least 62 years old and use the home as your primary residence. You must also have sufficient equity to make a reverse mortgage a feasible financial option based on the provider’s requirements.

Qualify In Just 3 Easy Steps

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Reverse Mortgage Application Process

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.

FHA Counseling

Application

Appraisal

Underwriting

Closing

LEARN MORE

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98% Client Satisfaction Rate

John DiBenedetto, HECM Advisor was very helpful during the process to qualify us for the Reverse Mortgage. Very professional and he explained everything…

– Julio Betances

Kristy McKay is my contact that handled my reverse mortgage advisor. Kristy is professional, timely and very thorough in all the steps of the process. My…

– Robert Bingham

John was very good to work with, he was knowledgeable and helpful to work with.

– Louis McKinney

I would like to appreciate Stacey Clark for his friendly and professional assistance through the process of obtaining a Line of Credit with Senior…

– Susie Earhart

John Dibenedetto is an amazing agent highly recommend senior lending and John. He was patient, knowledgeable, and thorough. He helped my grandfather every…

– David Moore

We had a great experience with Stacy talked about going above and beyond he jumped through every hoop available to help me get my loan. Would recommend…

– Dale Flewellyn

Stacey was very easy to work with. He walked us through the Reverse Mortgage making it very easy to assimilate. Senior Lending is a great company to work…

– Ruben Perez

John is amazing. He took his time and explained everything in great detail. A pleasure to work with.

– Theresa Mcmeans

Stacey, is a great access to Senior Lending. He knows his job, any questions you throw at him is immediately answered. I respect and honor his kind…

– Mary Shaw

I just closed on a reverse mortgage with Senior Lending HECM Advisor Kristy McKay and she was very helpful with explaining everything to me and answering…

– Garry Hoffmann

They are awesome! Kristy was very professional and was by my side throughout the entire lending process. I highly recommend this company!

– Colleen Lewis

John was very helpful he explained everything to me so I could understand, he was loving, patent and kind, I told him that I had adopted him as my son and…

– Regina Gibson

Stacey Clark is very well versed in these types of loans. He was like a breath of fresh air on the end of the other line.Talking with someone who has the…

– Hello Kitty

John DiBenedetto is a top professional in the business. I was not really interested in the program at first. He would call and leave a message. He did get…

– Rose Showalter

Jill was very knowledgable and helpful. She was very easy to work with and answered all of our questions thoroughly. She was a pleasure to work with and…

– Dana Cochran

Life has thrown a few curve balls. My husband passed, Hit by a Hurricane, and house insurance doubled. Not wanting to leave our home trying to decide what…

– Margaret Wik

I cannot say enough about how pleasant and professional Gary Guarino was while helping me get my home refinanced. He understood my challenges and went…

– Sherri Argenti

I had a great experience with Senior Lending. I worked closely with Jill Clark. She guided me all the way through the lending process. She was very…

– Artis Howard

David Harris was very helpful and informative about every step of the process!

– Mike Rushing

Knowledgeable friendly and very prompt service. Would highly recommend John DiBenedetto.

– Sue Hood

Loved working with Stacey Clark and the crew at Senior Lending for my HECM., Was smooth sailing all the way from beginning to end. Would highly recommend…

– Debbie Ely

The Loan process went very smooth and very quick. It took less than three weeks beginning to end. Any questions I had were answered completely. Even after…

– Bob Workman

I was very fortunate to work with Keith Seeger at Senior Lending . Keith is knowledgeable, personable , and incredibly thorough . Keith led me through the…

– Nancy Nye

David Harris did a great job in handling the request for Reverse Mortgage. Knowledgable, Polite, and efficient. Great quarterback

– Fred Schwabe

Very professional, very helpful, always there for you.

– Gaeta Travaglio

Joshua helped us every step of the way. We highly recommend Josh and Senior Lending!

– Ann Walls

I am very happy with Senior Lending Company. I liked the service.Very Professional and Helpful. I will recommend it .!!! Dave Harris is excellent!?

– Maria Martinez

Stacey did an excellent job, guided me through the whole process!

– Scott Kreuitzer

I am now able to live out my retirement the way I have wanted to. I would refer Joshua at Senior Lending to anyone looking to refinance. He listened to my…

– Kathryn Stanton

We decided we needed to take some of the equity out of the house but we didn’t want to sell right away. Nor did we simply want to mortgage it and have…

– Howard Batt

David Harris did a great job ?

– Doug DeMoss

Daniel has gone above and beyond to help me. He has been available for every call or text, even when he was on vacation. If I asked a question he found…

– Bonnie Bonnie

I worked with David Harris at Senior Lending. He was such a professional to work with. He kept me well informed and provided step by step guidelines for…

– Betty Dassele

I feel that David Harris of Senior Lending did a very thorough job of helping me with this program in record time. I’m very satisfied.

– Donna Plunkett

Gary was there with me from day 1! Couldn’t ask for better service. I highly recommend and tell people about him whenever I can. Made a great team with…

– Melissa Cole

I was at first unsure of what was best for me at my age . After contacting Gary at Senior Lending ,asking a ton of questions about a reverse mortgage I…

– Frederick Keiderling

We had a very positive experience with our lending agent and he went above and beyond his requirements. He made our transitions for this process amazingly…

– Deirdre Kerrigan

Kristy at Senior Lending was wonderful to work with. She was professional and answered all our questions in depth. She made the process very easy for us….

– Georgia Watson

Mr Stacey Clark provided the most comprehensive and outstanding services to us. Not only with our Reverse Mortgage, but he was also able to assist us with…

– Roy Mallett

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