Reverse Mortgage Explained - Financial Security - Tampa Florida Preferred Mortgage

West Coast Tampa, Florida - Local Mortgage and Home Refinance Company
Get lowest mortgage payments on mortgage financing and refinancing. We specialize in refinancing troubled loans fast. We specialize in Tampa Florida mortgages and refinancing of existing home mortgages. We have mortgage products to help fix troubled and hard to pay home loans.

Call us today at 321-299-7748 or 1-800-993-2562

Reverse Mortgage Explained

Reverse Mortgages are becoming a great choice for many home owning seniors. Seniors are using the extra money from their homes to supplement social security, meet unexpected medical expenses, make home improvements and more.

A reverse mortgage is a type of home loan that lets a senior homeowner covert a portion of the home equity into cash. The equity that has built up since the senior's home ownership can be paid directly to the senior now, while still living in the home. No repayment is required until the borrower(s) no longer use the home as their principal residence.

To be eligible for a reverse mortgage, the homeowner must be 62 years of age or older, own their home outright or have a small mortgage that can be paid off at the closing of the reverse mortgage, and live in the home as their primary residence.

Call our office and get directed to a specialized representative who can further explain the Reverse Mortgage to you.

Additional Benefits

* The owner always retains title to the home and ownership.

* Cash advances can be used for any purpose.

* Tax-free income will not affect Social Security or Medicare benefits.

Call Our Experts

321-299-7748
1-800-993-2562