Are you at least 62 years old and own a home in Sunrise, Florida? Could you use extra funds to make your retirement less stressful? A reverse mortgage loan from Senior Lending Corporation can provide the solution. We’ve been helping older homeowners enjoy a more comfortable and financially secure retirement since 1998.
If you’ve been paying a mortgage on your Sunrise home for several years, you’ve probably accumulated substantial equity, which is the appreciation of the property that you own. A reverse mortgage is a loan that allows you to draw from your home’s equity by receiving a lump sum of cash, regular installments or a line of credit. Use the funds for any purpose, and you don’t need to repay the loan until you sell the home.
A Home Equity Conversion Mortgage (HECM) is the most common type. The HECM is a federally backed program featuring Federal Housing Administration insurance protection, giving borrowers more comfort and security.
These loans for seniors can provide many benefits:
You’re likely eligible for a HECM reverse mortgage if you’re 62 or older and have built up enough equity to fund the loan. Additionally, the home must be your main residence and not a vacation house or rental property. Receiving federally approved mortgage counseling is another requirement.
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We have the expertise to make getting your loan a smooth and seamless process. Our reverse mortgage company is licensed in Sunrise and throughout Florida, and we have an excellent reputation in every area we serve. You’ll work with a personal advisor throughout the process who will deliver an exceptional client experience.
Do you have questions about these loans or need help determining whether they’re a viable option for your financial situation? Take the next step and call our Sunrise reverse mortgage counselors at 800-822-1190. You can also complete our online contact form to request additional information.
