REVERSE MORTGAGES

Reverse Calculator

As a senior, 62 years of age or older, you may be entitled to take advantage of improving your quality of life through a Reverse Mortgage. This program could put thousands of dollars into your pocket and allow you to live the retirement lifestyle that you've always dreamed of. You can take a lump sum or receive a guaranteed monthly income for the rest of your life.

This program is government insured through H.U.D. and states that a senior may obtain a reverse mortgage without income verification. All of this is done without a full credit check. The program's only requirements are that you are 62 years of age or older, own your home as your primary residence, and maintain the home according to FHA requirements. Additionally, you must continue to pay the property taxes, homeowners insurance and homeowners or condo association fees (if applicable) on your primary residence. Your current mortgage, if any, must be paid off from the funds of the reverse mortgage prior to receiving any additional funds.  

• NO INCOME OR CREDIT QUALIFICATIONS                         

Imagine living in your home without financial stress. Use the money however you wish. Own your home without making monthly mortgage payments and have a safety net for unexpected expenses or healthcare costs. Pay your monthly bills with ease and have enough extra cash to live comfortably and enjoy the occasional luxury. Take that long-awaited cruise or family vacation. Enjoy time hosting friends and family, participating in social engagements and pursuing your favorite hobbies.

Choose a cash flow plan tailored for your needs. Interest rates can be fixed or adjustable. The money is tax-free* and does not interfere with most Social Security or Medicare benefits.

A reverse mortgage becomes due and payable when the last surviving borrower sells the property, permanently leaves the home or passes away.

SouthWind Mortgage, Inc. is approved to offer this government insured Home Equity Conversion Mortgage (HECM) reverse mortgage program, other government insured reverse mortgage programs in the state of Florida, and FHA/ VA Government Loans. Call us today for a free consultation to see if you qualify.

 *Consult your financial advisor