Is retirement in Florida a little more stressful than you thought it would be? Do you need a little more income to enjoy the freedom you’ve worked so hard to earn? Maybe a Reverse Mortgage is just what you need to start living life the way you’ve always wanted!
You made a smart investment when you bought your home in Florida. Now you can use it to stay independent and have a great life. You’ve earned it.
A Reverse Mortgage allows you to take cash out of your home in any of the following:
- Lump Sum Payment
- Line Of Credit
- Monthly Checks
- A combination of 1, 2, or 3
What can you do with the Cash? ANYTHING YOU WANT!
- Pay off Hospital or Medical Bills
- Buy Long Term Health Care Insurance
- Pay off your Credit Card Debt
- Buy a Car
- Go On Vacation
- Send Your Grandchildren to College
- Buy an Annuity
- Put the Money in the Bank
- Make Home Improvements
HomeStar Financial, LLC, a full service Mortgage Banker headquartered in Florida, can assist you in finding the Reverse Mortgage program that best fits your individual needs and circumstances. Not everyone wants all of the cash up front: some want a monthly income stream, and others want funds available when they need them. Whatever you want, HomeStar Financial has the experience and expertise to develop the plan you need and take you step-by-step through the Reverse Mortgage loan process. HomeStar Financial brings Reverse Mortgages to customers in the Florida, Indiana and Kentucky areas.
Reverse Mortgages are not like your old-fashioned 30 year Fixed Rate Mortgage. You never have to make payments on a Reverse Mortgage loan in Florida as long as you:
- Pay your Home Owners Insurance each year.
- Pay your Florida Real Estate Taxes each year.
- Live in Your Home.
- Keep the home in reasonable repair.
The lender recovers their money (interest and principal) when the home is sold. If the sale of the house generates more than the amount needed to repay the loan, the money goes to you or your heirs. If the sales proceeds are not enough to pay off the loan, then the Department of Housing & Urban Development will pay off the balance to the lender - NOT YOU OR YOUR HEIRS!
OTHER SITES YOU SHOULD VISIT REGARDING REVERSE MORTGAGES
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