Home For Life specializes in Reverse Mortgages.
A Reverse Mortgage Loan, also known as a HECM (Home Equity Conversion Mortgage) is a special type of loan that allows homeowners aged 62 or older to convert a portion of the value of their home into cash without ever having to make a monthly payment back to the lender as long as they live in the home as their primary residence.
(You must continue to pay your property taxes, homeowners’ insurance, flood insurance and homeowners association dues.)
It’s a great tool for someone who is “house rich and cash poor” or wants to tap into the equity in their home so they can preserve their current investments. It allows them to enjoy life and have peace of mind.
I have many clients who have said that their life has changed for the better since they have done a reverse mortgage loan and wished they had done it sooner.
Todd Woodcock, CRMP
President
Office 941-624-4804
Mobile 941-628-2849