Let our professional staff at Kloze (NHL) help you protect your retirement and access additional income with a reverse mortgage loan.
The Benefits of a Reverse Mortgage Company in Fort Lauderdale
As a seasoned and reputable home loan company, we offer a wide array of loans and financial assistance plans for homeowners. Similarly, our dedicated loan specialists connect you to the top lenders with the best rates across the nation. When it comes to a reverse mortgage, this type of loan is available to all homeowners at least sixty-two years of age and allows you to borrow against the equity you have built up in your home. However, while you must pay back home equity loans, reverse mortgages require no out-of-pocket expenses until the sale of the property or death of the homeowner.
Fort Lauderdale Reverse Mortgages
Traditional home equity loans, burden you with repayment, and most lenders also have stringent requirements and criteria that you must meet to qualify. On the other hand, reverse mortgage loans simply require the balance to be paid via the sale of your home. Again, there are never any out-of-pocket expenses, which secures additional income for homeowners that they can use for a myriad of bills or other purposes such as traveling.
Additionally, with Fort Lauderdale reverse mortgage loans, the money is also not due if a spouse passes away and the surviving spouse remains in the home. This eliminates another worry, which can occur with traditional home loans being passed on to surviving spouses or co-signers.
The Essentials of Reverse Mortgages
Monthly income from a reverse mortgage is carefully structured, meaning that the amount you receive will never exceed the value of your property as your home is the collateral for the loan. Anyone with built-up home equity can qualify for a reverse mortgage loan regardless of their credit rating or and history. In addition, the income from a home reverse mortgage is not taxed and will never affect your Social Security or Medicare benefits. If you are looking for strong cash flow during retirement, reverse mortgages are a way to enjoy this time with additional revenue and peace of mind.
Professional Reverse Mortgage Loan Lenders
At NHL, we are committed to excellence in meeting all your homeownership needs. With certified loan specialists, we are proud to offer reverse mortgage loans for senior homeowners. Additionally, we also feature VA loans, FHA loans, fixed loans, variable loans, and many other options. In fact, each of our loan options is designed to meet the specific needs of mortgage borrowers including traditional mortgage loans, which are available as fixed or adjustable rates. We connect you to the top lenders with the best rates, along with benefits programs via the Federal Housing Administration and Veteran’s Affairs.
We even offer special loan programs that can improve borrowers’ access to credit such as lower up-front costs, along with incredibly low interest rates. Our highly-dedicated team believes in honesty, integrity, and timely communications with all new and existing borrowers which allows us to help you achieve your home ownership goals. We also love helping seasoned homeowners tap into reverse mortgage loans with the best rates to ease financial burdens during retirement. A reverse mortgage can help you achieve your retirement goals while putting your hard-earned money, that you’ve invested in your home over the years, to work.
The Kloze Experience
Here at Kloze, we are your licensed mortgage lender in Florida. We continue to receive great industry and client reviews and always stay abreast of all the latest industry developments and trends. This enables us to offer the best home loans for new owners, along with seasoned homeowners looking for second mortgages, refinancing, or reverse mortgages.
For more information on reverse mortgages in Fort Lauderdale, simply contact us today or visit our website.
