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As one of the largest reverse mortgage lenders in the nation, Liberty Home Equity Solutions, Inc. (Liberty) has helped more than 1,100 Florida homeowners since 2011 2 discover how a reverse mortgage loan can help them access the funds they need to plan for a more secure retirement. Let Liberty help you turn your home equity into the cash you need.
Jimmie Thompson and Carrie Bell Smith bought their home on West 35th Street in 1995. They paid off the mortgage and wanted to do work on the home. They got a reverse. lender could access the home’s.
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A reverse mortgage lets you borrow against your home’s equity so you get cash without selling your home. You can choose to receive a lump-sum payout, regular payments over time or a line of credit that allows you to take out money when you need it.
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They allow you to convert your home equity into cash, without. As with any mortgage, you apply through a lender. (You’ll find a list of lenders by state here.) Once your reverse mortgage is in.
Florida Reverse Mortgage Lenders. Before you agree to work with any lender on your reverse mortgage loan, make sure you’ve found the lender who can best meet your needs. Every lender offers a slightly different mortgage rate than every other lender. Contact at least four or five lenders in your area to get rate quotes.
Florida Mortgage Corporation offers reverse mortgages for Florida property only. A "reverse" mortgage is a loan against your home that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month.
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as the term “foreclosure” has a more nuanced meaning in the reverse mortgage space: In addition to cases in which homeowners failed to pay their taxes and insurance and actually defaulted on the loan,