Reverse Mortgages (HECM)

A reverse mortgage — specifically the government-insured Home Equity Conversion Mortgage, or HECM — lets homeowners aged 62 and older convert a portion of their home equity into tax-free cash without selling their home or taking on a new monthly mortgage payment. Instead of you paying the bank, the bank pays you, and the loan is repaid when you sell the home, move out permanently, or pass the home to your heirs.

For many Florida retirees, a reverse mortgage is a strategic retirement tool. Rising South Florida property values have left many seniors equity-rich but cash-poor. A HECM can supplement retirement income, pay off an existing mortgage to eliminate the monthly payment, fund in-home care so you can age in place, or create a standby line of credit that grows over time and can never be frozen.

This is not a decision to make lightly, and we'll never rush you. We're required to make sure you complete HUD-approved counseling before closing so you fully understand the obligations — keeping up property taxes and insurance, maintaining the home, and continuing to live there as your primary residence. Our role is to give you the honest numbers and let you decide.

Who This Loan Is For

• Florida homeowners aged 62 or older with significant equity
• Retirees looking to supplement income without selling their home
• Seniors who want to eliminate their current monthly mortgage payment
• Families funding in-home care to age in place comfortably
• Anyone seeking a flexible, growing line of credit for retirement

Basic Requirements

• 1At least one borrower aged 62 or older on title
• 2Substantial home equity (typically 50%+ paid down or off)
• 3The home must be your primary residence
• 4Ability to pay property taxes, insurance, and maintain the home
• 5Completion of a HUD-approved reverse mortgage counseling session