Reverse Mortgages in North and South Florida | Atlantic Mortgage Consultants

Reverse Mortgages

A reverse mortgage is a home loan available to homeowners 62 years and older that allows you to convert equity in your home into tax free cash that can be used to pay off exisiting liens, create a life time of income, or a line of credit that can be used anytime.

Why are more mature Americans choosing a Reverse Mortgage?

  • No monthly mortgage payments for life
  • Receive additional monthly income for the rest of your life
  • Tax free cash out for health care or any others debts that are applicable to your situation
  • Borrowers must still pay property tax and insurance or RISK FORCLOSURE
  • U.S. Government insured FHA loan program (insures you will never stop receiving your money no matter what happens to the bank as long as you reside in the property

Qualifications for Reverse Mortgages

  • You or your spouse must be 62 years or older
  • Must have at least 50% equity in your home
  • The home you reside in MUST be your primary residence
  • Be able to maintain your property (ability to pay property taxes/insurance) 

Reverse Mortgage