Benefits of the Reverse Mortgage for the Florida Senior!

There are many benefits of a reverse mortgage for the senior over the age of 62 who has about 45-50% equity in their primary residence. In Florida Reverse mortgages are on the rise due to the increased availability of education and the benefits they provide the average senior.
Below is a list of things the average senior can consider when deciding if a reverse mortgage in Florida is right for them.

A lifetime stream of additional monthly income. This income never stops until both you and your spouse pass. This simply assumes you are both living in the home and both on the mortgage note which is true for almost all of the seniors who apply and execute a reverse mortgage. So, would a lifetime of additional monthly income change your life? Would it make your daily expenses a bit easier to handle? Would it provide you with the money needed to get medical care or prescriptions you need with a bit less stress? Would it allow you to stay in the home you’ve been in for so many years? The ability for the senior to simply stay in their home is often so comforting that just this one benefit alone provides so much peace of mind. Imagine if you can simple never have to worry about the value of your home, a mortgage payment you currently make or dealing with a physical move of all your personal belongings. At 65 or 70 or what ever age, a senior is looking to enjoy life, not be stressed by money or being forced to move from the home they love.



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