YOUR HOMEOWNERSHIP IS OUR GOAL!
CALL US NOW: 1-954-801-2419
CALL US NOW: 1-954-801-2419
Reverse a Mortgage
BECOME MORTGAGE FREE
BECOME FREE FROM MORTGAGE PAYMENTS ...ENJOY YOUR RETIREMENT...
Use the equity you have accumulated in your home and begin living the life you desire!
FOR SENIORS 62+ YEARS OLD ONLY!
If you’re 62 or older and want money to pay off your mortgage, supplement your income, or pay for major medical expenses – you may consider a reverse mortgage. It allows you to convert the equity in your home into cash without having to sell your home or pay any more mortgage payments.
A reverse mortgage can be complicated, we have extremely qualified loan officers who will gladly work with you to advise if a reverse mortgage is right for YOU!
- For Seniors 62+ years old only
- Owner Occupied homes only
- Must have no or low balance owed on your mortgage
- FHA, Conventional, Jumbo Products available
- You will have No Monthly Payment
- You must continue to pay Property Taxes, Insurance, HOA & maintenance
- House must remain your primary residence
CALL US NOW AT 954-801-2419
LEARN MORE ABOUT REVERSE MORTGAGE
CONSIDERING A REVERSE MORTGAGE?
- You must own a home
- Be at least 62 years old
- Have enough equity built up in your home
- The loan works by making payments to the borrower based upon a percentage of the equity that has been built up in the home
- The loan is repaid when the borrower sells the home, moves out of the home or dies
Learn More
Click the button below to see if a Reverse Mortgage is right for you at this time. Note, this is just an estimate and is not guaranteed.
Better yet, contact us and we will gladly provide you with more information to help you make that decision.
PROS: REVERSE MORTGAGE
- You continue to live in your home and retain title to your home as long as you continue to pay your property taxes, insurance, and maintenance.
- You generally receive the proceeds of the loan as tax-free cash in which you can use the money as you see fit. It is recommended though to speak with your financial advisor to verify your specific situation.
- You do not make any monthly mortgage payments during the course of the loan. You do have to follow the loan guidelines and are responsible for paying your property taxes, insurance and maintenance.
- You choose the disbursement option. There are several ways in which you can receive the proceeds of the loan.
- You or your heirs (after you die) can decide to pay off the entire loan amount to cancel the reverse mortgage and take title to the home.
CONS: REVERSE MORTGAGE
- You must live in the house.
- Fees associated with the loan are generally higher than with other mortgage loans. You should ask us about options available.
- The balance of the loan increases over time as does the interest on the loan and the fees associated.
Working with Mortgage Funding Group
- YOU ARE NUMBER 1 - We put you first no matter your financial situation.
- PERSONALIZED CUSTOMER SERVICE - Fast, efficient, helpful and professional. We close most of our loans in 30 days or less.
- COMMON SENSE UNDERWRITING - We offer a variety of loans from mortgage lenders that utilize "common sense" underwriting. Each borrower is reviewed and analyzed based on their financial situation and personal history, including obstacles that life brings. We can find you the loan that is right for YOU!!!
- MANY LOAN PROGRAMS - Including First Time Buyer, Fresh Start, Self Employed, Foreign National programs.