TAMPA, FL, UNITED STATES, September 20, 2021 /EINPresswire.com/ – Thinking of refinancing a reverse mortgage? Unprecedented equity gains over the past several years have placed many current reverse mortgage holders in an advantageous position. By announcing a full range of reverse mortgage refinance products, Florida’s Best Reverse Mortgage Company aims to help all current interested reverse mortgage holders get answers.
âWe have received many calls from people currently on reverse mortgages who are curious about how much their home has gained in value and who have questions about their options. Can I access more money? Can I get a larger line of credit? Is Reverse Mortgage Refinancing Realistic? Each of these people has their own unique situation, and there is no single answer. We take the time to speak with each person and answer each question, discuss the ins and outs of a HECM to HECM refinance, and ultimately perform an analysis to see how we can help and be of service. said Brian Correa, president of Florida’s top reverse mortgage company.
Part of the analysis involved in a HECM to HECM refinance involves strict calculations to protect the borrower by ensuring that refinancing a reverse mortgage has a clear benefit to them. The rules put in place, such as loan closing costs, loan proceeds, and seasoning requirements, are all carefully considered.
âWe do all the work upstream. With a little information and a few minutes of your time, we can find out what you are eligible for and what not and give you an idea of ââhow much capital you might have access to. Plus, with offices all over Florida and growing, we can accommodate you locally. If you are in Florida, simply search for the best Florida reverse mortgage company and find an office near you! ”
A HECM to HECM refinance, or reverse mortgage refinance, is when someone with a reverse mortgage refinances their current reverse mortgage into a new reverse mortgage. Generally speaking, refinancing an existing reverse mortgage can be a great option when the home’s value increases dramatically, the interest rate needs to be changed, or the homeowner wants to add someone else to the loan. mortgage, such as a new spouse or eligible family member. . Although the costs are generally lower, there are strict qualifying calculations when refinancing a reverse mortgage.
âWe have programs available for Reverse Mortgage Refinance, Jumbo Reverse Mortgage Refinance, and access to more loan programs and products than traditional lenders, who typically only have one line of loan products. products, if applicable. If you’re thinking about refinancing a Florida reverse mortgage, contact us today! “
About Florida’s Best Reverse Mortgage Company: With offices in Tampa, Orlando, Fort Myers, and Jacksonville, Florida’s Best Reverse Mortgage Company is Florida’s # 1 reverse mortgage outlet, providing service local and reliable throughout the state. Visit www.FloridasBestReverse.com to learn more.
Florida’s Best Reverse Mortgage Company