This could be the perfect time to initiate or refinance a reverse mortgage. New government legislation means senior homeowners can now get even more money from their reverse mortgages so they can get more out of life and retire better. Even if you have an existing mortgage, you may be able to refinance and take advantage of this opportunity.

New higher lending limits may mean more money to you. New lower closing costs may save you money and our lenders low interest rates qualify you for more funds. There are many reverse mortgage programs available today, however, the most common and trusted reverse mortgage is the HECM – Home Equity Conversion Mortgage, which is insured by FHA / HUD.

I offer reverse mortgages from a variety of reverse mortgage lenders and banks enabling us to best meet your needs depending on your individual circumstances. Just as no two individuals are alike, nor are any two reverse mortgages. I have lender flexibility. This is why I choose to specialize to Florida homeowners and give each senior personalized reverse mortgage service.

• Fixed-Rate Home Equity Conversion Mortgage
Lock in an interest rate for the entire life of your loan and take 100% of your funds at closing with a fixed-rate Home Equity Conversion Mortgage (HECM). With this government-insured loan, you will always know exactly how much interest is accruing on your reverse mortgage—and eliminate any worry that the rate may increase.

• Adjustable-Rate Home Equity Conversion Mortgage
The adjustable-rate Home Equity Conversion Mortgage (HECM) is also government insured—but may provide you with greater flexibility, because it generally provides more options for you to receive your reverse mortgage proceeds (e.g., as a line of credit, monthly payment, lump sum, or a combination of these). And the adjustable-rate HECM may be offered at lower interest rates.

• Home Equity Conversion Mortgage for Purchase
A Home Equity Conversion Mortgage (HECM) for Purchase helps you purchase a home by taking out a reverse mortgage on that home. It's applicable for the purchase of a one- to four-family dwelling unit, to be occupied as a principal residence only. It could help you move to a home that will better fit your future needs.

• Refinancing with a Reverse Mortgage Lender in Florida
One of the most often asked questions about reverse mortgages is: can they be refinanced? The answer is yes. And in fact, refinancing can be a useful option if your home increases in value—making more equity available for you to access. Refinancing has been popular due to the recent higher limits from government legislation and the stimulus package.

• Free Reverse Mortgage Program Information and Application
Legitimate Reverse Mortgage lenders do not charge for information on the program. Nor do they state that this is a government loan. Programs are available that have no origination fee, a free consultation can determine if this is the appropriate program for your needs. Reverse mortgage loans are done through various FHA approved lenders and are government insured. We never charge an application or information fee. Applications are free and without obligation. All reverse mortgages incur closing fees. These fees are typically paid with proceeds. We strive to keep all necessary fees at the lowest possible cost, most fees are determined through government guidelines. We practice 100% full disclosure of reverse mortgage costs. There is no fee for this information, all reverse mortgage consultations and information is free.