Best Reverse Mortgages In Miami Near Me

4worldlovers:
Welcome to Relax Mortgage, I'm Ana Sanz, your Florida home loan expert dedicated to making sure your home purchase or refinance experience is top-notch.

All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Relax Mortgage to receive a personalized rate for your specific situation.

FHA home loans are popular among Florida first-time homebuyers due to low down payment and credit requirements.

A conventional(fixed-rate mortgage) is a popular type of home financing in Florida because it offers predictability for your budget.

Jumbo home loans are most appropriate for a segment of high-income earners who make between $250,000-$500,000 a year.

4worldlovers: We are a family owned company in Florida who pride ourselves on exceeding our customer's expectations and provide the loan that is right for you. Specializing in reverse mortgages HECM and EQUITY ELITE products providing guidance for a more complex financing package, we realize you are unique and we'll work with you to form a loan that is exclusively for you.

If you are a homeowner 62 years or older, the Home Equity Conversion Mortgage (HECM) for Purchase loan may help you buy your next home without required monthly mortgage payments. This may help preserve your hard-earned savings and improve cash flow.

4worldlovers:
At Great Florida Lending Inc., we’re truly passionate about helping our clients find the home of their dreams. Our main office is located in South Florida but We pride ourselves on offering some of the lowest rates nationwide and make the loan process simple, straightforward and fast for borrowers seeking a mortgage across the State of Florida. Our seasoned loan officers are here to help you at every step of the decision-making process. Contact us to schedule an appointment at our office or in the comfort of your home. Great Florida Lending is here for you!

Type of Loan Type of LoanType of Loan Purchase LoanPurchase Loan Refinance LoanRefinance Loan Cash Out RefinanceCash Out Refinance Home Equity LoanHome Equity Loan Debt ConsolidationDebt Consolidation

Property Value Property ValueProperty Value Less than $100,000Less than $100,000 $100,000 - $249,000$100,000 - $249,000 $250,000 - $399,000$250,000 - $399,000 $400,000 - $549,000$400,000 - $549,000 $550,000 - $699,000$550,000 - $699,000 $700,000 - $999,000$700,000 - $999,000 $1 million - $2.49 million$1 million - $2.49 million $2.5 million or more$2.5 million or more

Loan Amount Loan AmountLoan Amount Less than $100,000Less than $100,000 $100,000 - $249,000$100,000 - $249,000 $250,000 - $399,000$250,000 - $399,000 $400,000 - $549,000$400,000 - $549,000 $550,000 - $699,000$550,000 - $699,000 $700,000 - $999,000$700,000 - $999,000 $1 million - $2.49 million$1 million - $2.49 million $2.5 million or more$2.5 million or more

The Great Florida Lending team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.

Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, the highly experienced team of loan officers here can help you find the right loan program at the lowest rate no matter what your needs are.

FHA loans are a popular choice among first time homebuyers given their low down payment requirements and ease of qualification.

Learn more about how refinancing your mortgage can help you save money over the life of your loan by lowering your interest rate or reducing loan terms.

Veterans, active military, and their families can take advantage of a VA loan to purchase a home with no money down, great interest rates, and no private mortgage insurance.

Umbo loans can be the perfect option if you are looking for a home loan that exceeds the limits placed on government backed options such as FHA loans.

Whether you are interested in a Conventional Loan, FHA Loan, VA loan or other financing option, our team of experts will help you find the solution that works best.

Great rates and buyer flexibility make conventional loans the most popular mortgages on the market today. Plus, we'll get you the best rate available.

4worldlovers: As individuals continue to live longer and longer, it is now becoming harder to save enough for retirement. Not that living longer is a bad thing, but the comfort of being financially secure is warming. As you get older, you tend to gain equity in your home. What many people do not realize is that this equity can be tapped and turned into cash. Possible options for that include a line of credit, a cash-out refinance, or a reverse mortgage. While each option has its advantages, only one requires no payment to be made for the remainder of your life. A Reverse Mortgage may be a great option for anyone who is 62 years or older and interested in any of the following:

Take out a forward loan or a line of credit – This would require an income and credit qualification. This would require a new monthly payment.

Get a reverse mortgage – You would not have to move and no monthly payment would be required.

When applying for a reverse mortgage, you must meet the following qualifications:

Borrower must live in the home as their primary residence and have sufficient equity.

Borrower must be able to pay off their existing mortgage using the Reverse Mortgages proceeds.

Live in a single family, 2 – 4 unit owner occupied home, townhouse, approved condominium or manufactured home on its own property (no rental lots).

In addition to eligibility, you must meet the following conditions to obtain a Reverse Mortgage (HECM) loan:

The two main driving forces when factoring how much money you can receive from a reverse mortgage are age and home value. In general, as you get older the lending limit will increase. The three main options for receiving your funds are through a lump sum, line of credit, or monthly payments.

No interest accrues on monies in the line of credit until they are spent.

Can use credit line growth. Money that hasn’t been spent continues to grow at a rate higher than the current loan rate.

Can be combined with monthly payments or a larger disbursement at closing.

Can be either term (set amount of years) or tenure (fixed payment as long as the reverse mortgage is active) payments.

4worldlovers:
See How Much You Can Afford or How Much You Can Save for FREE.

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4worldlovers:
“They are the best team. Working with Claudia, María and Ana has been a blessing experience. They are not only very professional, knowledgeable and efficient but the way the treat you at a personal level make this a very easy and relax process. I highly recommend them.”

3 Simple Steps to Pre-Approval which is extremely valuable in the competitive Miami, FL market.

Lending Bankers Mortgage is committed to serving Foreign Nationals and US Residents in Miami and throughout the state of Florida.

Buying a home in Miami, Florida can be an exciting and rewarding experience, and we can help make it happen.

Are you in search of the best rates and terms on commercial loans? We can connect you with a specialized loan product which is right for you.

Are you looking for an alternative to the traditional prime loan application process?

If you want to generate passive income and invest toward retirement, one way you can do it is by investing

If you are shopping for a home, you may have heard of the Hometown Heroes down payment assistance program. Great

Hometown Heroes Program Florida, Hometown Heroes Down Payment Assistance Program, Miami

If you are shopping for commercial real estate in Miami, then you need to find a mortgage company to work

I had the pleasure of working with Danny and David on a recent transaction. Their proactive approach, lightning-fast responses, and remarkable problem-solving abilities truly stood out. Without hesitation, I would recommend their services to anyone seeking a reliable and efficient mortgage professional.

Lending Bankers is one of the Lending institutions you will not regret to work. All of them are very knowledgeable and helpful to make this stressful process better for their client. David Otero and Gabriel Corrente help me to find a good Mortgage for my transaction in 1 Week!! Amazing !! Thanks a lot for all your assistance and for keep me posted in every step. I will recommend them

Smooth process.Reliable.Assertive.Energy and intensity when it is needed.I will use them again for sure.

We called Danny one week before closing after our former lender backed out. From the jump Danny was on top of things and didn't stop until it was closed, even more, we closed a day early. Simply put, Danny can make it happen!

Danny was great! Our client couldn't get funding from their lender last minute and Danny was able to close our client in less than a week! He really saved this deal. On top of that, he was so kind and always on top of everything to make sure we met the deadline.

Called Danny a week before closing and the man saved my deal and was professional all the way through can recommend

GabrielTe estoy escribiendo para agradecerles con David por el trato que nos dieron en la ocasiónDel cierre de nuestra financiación para compra de departamento en el edificio Missoni BaiaNos sentimos muy a gusto les felicito y ojala mas adelante podamos hacer otro negocios.Muchas Gracias AbrazosJorge

Mariya and Gustavo are truly exceptional mortgage loan originators, and I cannot recommend them enough. Their commitment to providing top-notch service to their clients is second to none. Throughout my entire home buying process, they were patient, consistent, and always available to answer any questions I had. If you are looking for mortgage loan originators who are professional, knowledgeable, and simply the best, then look no further — they will not disappoint! Thanks so much again:)

Fantastic experience from Lending Bankers. From start to finish David and Rodrigo provided top notch service with their professionalism and attention to detail. 10/10!!!!

Excellent and professional service, Danny and David have helped many of my clients obtain their home mortgages. I recommend them