Get Personalized Advice From A Reverse Mortgage Expert!
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Reverse Mortgage
Begin your quote for a
Reverse Mortgage
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Get Personalized Advice From A Reverse Mortgage Expert!
Working with Chris + team was incredible! They reduced our anxiety and stress levels, were tolerant and patient throughout the entire process, and got the deal done in breakneck speed. We're extremely happy in our new home. Highly recommended!
Jack D.
Christian and his team were wonderful to work with! They helped us refinance our home and we couldn’t be happier. They were always available and patient with us when we had questions. Would highly recommend them for any home financing needs.
Rachel S.
Christian Penner and his mortgage team are the best in the industry! They have all the loan products from the normal loans to even loans for self employed people and small business owners like me. So if you have a great account he can help you by using your business bank statements.
Mickey M.
Get Personalized Advice From A Reverse Mortgage Expert!
Working with Chris + team was incredible! They reduced our anxiety and stress levels, were tolerant and patient throughout the entire process, and got the deal done in breakneck speed. We're extremely happy in our new home. Highly recommended!
Jack D.
Christian and his team were wonderful to work with! They helped us refinance our home and we couldn’t be happier. They were always available and patient with us when we had questions. Would highly recommend them for any home financing needs.
Rachel S.
Christian Penner and his mortgage team are the best in the industry! They have all the loan products from the normal loans to even loans for self employed people and small business owners like me. So if you have a great account he can help you by using your business bank statements.
Mickey M.
What is a Reverse Mortgage?
A reverse mortgage is a lending product just for seniors who own significant home equity.
You can tap into that equity for a substantial loan.
As the borrower, it is your choice whether to receive a lump sum, a line of credit, or installment payments.
Benefits of a Reverse Mortgage
- There are multiple options for receiving your funds. Based on what will work best for you, you can decide how you want them disbursed.
- For many borrowers, reverse mortgages have tax benefits. Ask your tax advisor whether you can expect this to be true in your case.
- You can use the income from the reverse mortgage any way you want without restrictions.
- Only when a maturity event occurs does the loan become due. So long as you are living in the house, you will not owe a repayment of the loan. But if you sell it, that is a maturity event. The death of the last borrower also is a maturity event.
Are You Eligible for a Reverse Mortgage?
Eligibility for a reverse mortgage is contingent upon the following:
At least one borrower on the reverse mortgage must be age 62 or higher. It is not necessary for every borrower to be this age.
All home maintenance payments must be current. They will also need to stay current for the duration of the reverse mortgage.
You must have the minimum amount of required equity in your home.
As would be true if you were applying for any other type of mortgage, we will assess your tax history, credit score, and income.
Achieve Financial Freedom in Retirement
If you are ready to increase financial comfort and pursue your dreams in retirement, you can apply for a reverse mortgage by calling America’s Mortgage Solutions at (561) 556-9529 We work with senior homeowners throughout the state of Florida.
Achieve Financial Freedom in Retirement
If you are ready to increase financial comfort and pursue your dreams in retirement, you can apply for a reverse mortgage by calling America’s Mortgage Solutions at (561) 556-9529 We work with senior homeowners throughout the state of Florida.
America’s Mortgage Solutions
712 US-1, #300
North Palm Beach, FL 33408
Phone: (561) 556-9529
NMLS# 368289
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