an aerial view of a city in Florida near a body of water

Reverse Mortgage in Sarasota, Florida

With all the beaches, cultural experiences, shops and restaurants around, Sarasota is a wonderful retirement place. You have so much to do in your free time. Ensure you can continue living life to the fullest by having a reverse mortgage to help finance your retirement.

Senior Lending Corporation is ready to help you live retirement your way. We are a Sarasota reverse mortgage company serving residents with highly experienced and trusted services.


Reverse Mortgage Definition

You could obtain a reverse mortgage, a loan that transforms your house’s equity into usable funds, to supplement your retirement income. With additional money from the mortgage, you have more opportunities to finance other parts of your life. You could put the funds toward paying debt, bills or any vacation plans you have coming up.

At Senior Lending Corporation, we specialize in providing home equity conversion mortgages (HECM). HECM reverse mortgages are the most secure and common type of mortgage that retirees like to use because the government insures them. You also have more ways to receive payment with a HECM reverse mortgage, including:

  • Monthly payments.
  • A lump sum.
  • Line of credit.

Watch Our “Your Retirement Plan” Video Below

a man and woman are laughing and hugging in the woods

Advantages of a Reverse Mortgage in Sarasota

Reverse mortgages suit retired homeowners. They offer plenty of benefits to help you achieve the retirement you deserve and desire. For instance, a reverse mortgage allows you to continue living happily in your home and retain homeownership while getting the extra money from your house’s equity. You also enjoy the additional benefit of collecting the money without worrying about taxes because the funds are untaxable.

Additionally, reverse mortgages offer more financial stability and freedom because you will now have the funds to help pay for your needs or wants. You also won’t have to worry about the money you’ve received or used if a housing market crash occurs. HECM reverse mortgages are federally insured, so you are not held liable to pay back any money.

Basic Requirements for Opening a Reverse Mortgage

Opening a reverse mortgage is ideal for earning extra cash during retirement. Before you apply for one, you must meet the following requisites:

  • Be 62 years of age or older.
  • Own a home or have good equity in it.
  • Keep up with your home’s maintenance and condition.
  • Call the house your primary residence.
  • Fulfill minimum income and credit terms.
  • Possess no tax liens.

Qualify In Just 3 Easy Steps

And Get Your Free Info Kit

"*" indicates required fields

Step 1 of 3

an elderly couple hugging each other in a living room

Why Choose Senior Lending Corporation in Sarasota?

We’re serious about helping you have peace of mind about your retirement. As your local reverse mortgage company, we ensure you get the full professional experience. We have:

  • Multiple years of experience serving Sarasota residents.
  • Licensed practices in Sarasota and throughout Florida.
  • Expert and trusted reverse mortgage counselors.

You can trust us to help determine if a reverse mortgage is the right choice.

a black background with a diagonal stripe on it a black background with a few lines on it

Call Us to Learn More

Our reverse mortgage counselors are ready to help you maximize your retirement. Call Senior Lending Corporation at 800-822-1190, or complete our contact form to speak to one of our reverse mortgage counselors today!