A Florida Reverse Mortgage with Open Mortgage and Melinda Hipp may be just the solution for homeowners 62 and over who are house rich and cash poor or looking to downsize or up size to a new home. A Reverse Mortgage is a type of home equity loan that may allow you to access the equity you have built up over the years or have available in a new.
A reverse mortgage is a government-insured program designed for homeowners 62 and older that have equity in their homes and want to eliminate their mortgage payments and/or receive supplementary income. Proceeds from a reverse mortgage can be accepted in either a lump sum or regular monthly payments. Reverse Mortgages in Florida.
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MFI-Miami has issued a Florida Reverse Mortgage Scam Alert! It seems like Reverse mortgage servicing companies are pulling a reverse mortgage scam on unsuspecting seniors with a Florida Reverse Mortgage. They are showing no shame in doing it either. Reverse mortgages are great because they give seniors who are house rich and cash poor needed cash.
Florida Reverse Mortgage. A Florida reverse mortgage is a financial solution that has grown in popularity over the last decade with our clients who are over the age of 62; it can be thought of as the opposite of a conventional mortgage, and offers financial freedom for those who qualify.
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What is a Reverse Mortgage Reverse mortgages were conceived as a means to help people in or near retirement and with limited income use the money they have put into their home to pay off debts (including traditional mortgages), cover basic monthly living expenses or pay for health care.
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