(850) 863-1600

We Are Reverse Mortgage Experts

Seniors Reverse Mortgage

Reverse Mortgage Requirements

Let us show you in person, not tell you over a phone call, how a reverse mortgage can help you live the retirement you deserve

Call or Email for Instant access

We Serve North Florida And Baldwin County Alabama including:
Fort Walton Beach
and Surrounding Areas

Why a Reverse Mortgage?

  • Create an alternative source of income.
  • Eliminate any “Out of Pocket” monthly mortgage payments.
  • The Borrower may remain in the home for as long as he wishes to.
  • Title stays in the Borrower’s name.
  • There is no equity sharing with the lending bank which means the borrower gets full advantage of rising property value.
  • Purchase a new primary residence without having to pay a monthly payment to repay the loan.
  • Can be applied on Condos, SFR’s, 1-4 Units, & PUD’s.
  • Available with Forced and ARM Rate Types.
  • For purchase and refinance.
  • We offer flexible payments.

How a Reverse Mortgage in Florida Works

A reverse mortgage differs from a conventional loan in several ways. A conventional loan requires monthly payments and a down payment from the buyer to the lender upon purchase. The home equity increases with every payment until the mortgage is paid off. With a reverse mortgage, the homeowner has no payment obligations on a month-to-month basis. Because the loan is typically used to downsize or relocate a residence, the owner has access to the home equity in the previous home and can use the equity in a variety of ways: a lump sum of cash, a monthly income, or a line of credit.

A Nationwide Mortgage Licensing System

  Seniors Reverse Mortgage is dedicated to abiding by all laws and precepts in Florida regarding mortgage transactions. Our knowledgeable and experienced professional, Jim C. Boswell, is a licensed nationwide mortgage professional. He will visit your home for a private consultation or will counsel with you at his office. We will never pressure you to make this important decision over the phone or by mail.

2018 Retirement Tips!

Enjoy your retirement, plan well! Start with well-defined goals, and revisit them at least annually. The closer you get to retirement, the more often you

Read More »

Retirement & You

 Are you worried about retirement because you have not saved enough for retirement? There is no such thing as a bad time to get started.

Read More »
Scroll to Top