Reverse mortgage borrowers in Tampa Florida maintain possession and title on their home. It’s yours just like it was before, but now you’re able to take advantage of the equity that’s been growing in your property for years. Furthermore, HECM reverse mortgages provide the confidence of a...
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iHome Mortgage, Corporation NMLS#: 1564664 Is Your Home Equity Helping Your Retirement? Hello, I’m Howard Frankel, a fellow senior who lives in Florida. Thank you for taking the time to visit my website. As a former investment advisor with a specialty in long-term care planning, I am ...
a reverse mortgage pays you. Themortgage lenderwho provides the homeowner with reverse mortgage payments uses the home as collateral. Thebalance of the reverse mortgage loanis due when the homeowner dies, moves out, or sells their home.
Maintain Lifestyle:Helen and Harold did a Reverse Mortgage to afford to take their annual trip to Florida during the winter months. They are thankful they are able to maintain their lifestyle. Prepare for Emergency:Earl and Ruth did a Reverse Mortgage to be prepared for an emergency if someth...
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Florida reverse mortgage on the house. So the owner can even choose to sell off the property if he so desires. However, in case of a sale, the sale proceeds must be first utilized towards paying off the mortgage on the house before any part of the proceeds is claimed by the owner of...