Reverse Mortgage Florida Homeowners Can Use To Get Cash Without Payments – Your Best Lender in FL!

 · A reverse mortgage takes the equity in your home and uses this to create an income for you in the form of one or many payments. The payments are based on a portion of the equity of your home. It can be a slow and steady way to take the money that you invested in your house out as cash.

As one of the largest reverse mortgage lenders in the nation, Liberty Home Equity Solutions, Inc. (Liberty) has helped more than 1,100 Florida homeowners since 2011 2 discover how a reverse mortgage loan can help them access the funds they need to plan for a more secure retirement. Let Liberty help you turn your home equity into the cash you need.

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A reverse mortgage lets you borrow against your home’s equity so you get cash without selling your home. You can choose to receive a lump-sum payout, regular payments over time or a line of credit that allows you to take out money when you need it.

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But the transfers cost him nearly $11,000 in penalties; worse, since he couldn’t get to his money without paying. about how to protect your aging parents (see "Help your aging parents" and "Keep.

The loan is called a reverse mortgage because instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower. The borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as the borrower lives in the home he or she is not required to make any monthly payments towards the loan balance.

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At GoodLife Home Loans, our passion is to help you determine the best way to live in your home forever. Reverse mortgages need to be the right loan, for the right person, for the right property, at the right time, and for the right reason. We’re here to help you learn if a reverse mortgage could be right for you.