As a principal city on Florida’s Fun Coast, Port Orange enables residents to enjoy the fruits of a well-earned retirement. If you’re a Port Orange homeowner, a reverse mortgage from Senior Lending Corporation can help improve your financial standing in your golden years.
A reverse mortgage is a specialized home loan that allows qualified seniors to convert their accumulated equity into spendable cash. The product derives its name from how the loan works — instead of borrowers making payments to the mortgage company, the latter pays money to the homeowner as a lump sum or a line of credit. Borrowers do not need to repay the loan until they sell or vacate the home.
The Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage type. These loans are insured by the Federal Housing Administration, protecting borrowers if home values drop.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
As a Port Orange homeowner, you can experience numerous benefits from a home equity conversion mortgage:
To be eligible for a reverse mortgage, you must be 62 or older and use the home as your primary residence. You’ll also need enough equity to meet the loan provider’s guidelines.
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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.
As one of the top reverse mortgage companies in Port Orange, Senior Lending Corporation is a local, fully licensed company you can trust. Our experts bring years of experience to the process, ensuring the best results for your unique situation. Our transparent pricing eliminates concerns about hidden fees.
Call us at 800-822-1190 or contact us online to request additional information.
