If you are a senior who owns significant equity in your home, you may qualify for a lending product that lets you borrow against that equity, called a “reverse mortgage.”
Reverse mortgages have many benefits. One of them is that you can stay in your home for as long as you want, including the rest of your life if you wish. Another is that the loan does not come due until a maturity event such as the sale of the home or the death of the last borrower. One more major benefit is that you have full discretion over how you use the funds.
You may already have an idea of how you want to use your reverse mortgage funds. But if not, here are some popular uses, which may give you some inspiration.
Whether you want to use a reverse mortgage for one of the ideas we shared above, or you have a completely different purpose in mind, we can help you make it happen. To apply for a reverse mortgage now, please give us a call at (786) 220-1100 to schedule your consultation. We can help you pad your retirement savings with a reverse mortgage in Miami or anywhere in Florida.
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Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.
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