If you are like most seniors today, you’ve spent years building up equity in your home (or have even paid it off completely) and would like to put some or all of it to good use. A reverse mortgage may be able to help you do just that.

Maybe you’d like to cover your grandkids’ college educations, pay for long-term health care insurance or hire the help you need to stay in your home when there are no alternatives, or even use the equity to get out of foreclosure.

A reverse mortgage is a federally-insured mortgage that is only available to homeowners 62 years of age or older. It allows them to borrow against their home’s equity, while still maintaining ownership of the home.

Call Core Financial today at (239) 287-3691 to find out if you qualify for a Reverse Mortgage, and to learn more about the pros and cons of the program.

Instead of making monthly mortgage payments and increasing the equity in your home, the reverse mortgage lender makes payments to you either through a lump sum, monthly payments, or a line of credit, and your equity may shrink.  The reverse mortgage is repaid when you pass away, permanently move out of the home, or the property is sold.

 Core Financial specializes in reverse mortgages in Florida, and our licensed loan originators understand their complexities. We can help you understand the costs and features of different types of reverse mortgages, and evaluate the pros and cons of these loans for your situation.

If you are looking for a Reverse Mortgage and you live in Naples Florida, Bonita Springs Florida, Fort Myers Florida or Cape Coral Florida, we have a Core Financial specialist here ready to work for you.