Many people hesitate when they hear the term “mortgage,” but with Senior Lending Corporation, you don’t have to. We’re Pembroke Pines’ reverse mortgage company, and our trusted experts have helped people like you all over Florida make the most of their retirement years. Start letting your home work for you today.
Reverse mortgages are financial tools available to homeowners over the age of 62. Over the years, your home builds up equity — or market value. Once you’ve paid off most or all of your home, you can request a loan using that equity as your collateral. You’ll receive substantial extra funds that you can use for almost anything.
Over 98% of all reverse mortgages are Home Equity Conversion Mortgages (HECMs). A HECM is the only U.S. Federal Government-insured reverse mortgage, meaning that if you fail to pay back your loan, your lender can receive payment from the Federal Housing Administration (FHA). This security measure makes lenders much more willing to take people on, particularly if they have previously existing debt or a lower credit score.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
A reverse mortgage gives you options. With more money in your wallet, you can take the vacation you’ve always dreamed of or pay off bills and get past debts in order. Plus, you can repay this loan at your own pace, and your limit will increase every year of your term. Since the government monitors HECM reverse mortgages, you’ll also pay lower fees than with a traditional mortgage.
The basic requirements for reverse mortgages of any kind include:
"*" indicates required fields
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.
At Senior Lending Corporation, our reverse mortgage counselors are ready to help. We have years of experience serving the Pembroke Pines community and are licensed to work with any citizen of Florida. We’ve gained a reputation as trusted experts in our field, and whether this is your first time hearing about reverse mortgages or you’ve done your research, we’ll make sure you understand every part of our process.
Senior Lending is here to help you do your retirement your way. We look forward to securing your financial future. Contact us today at 800-822-1190 or through our online form to get started.