Reverse Mortgage Process in Fort Myers, FL

A reverse mortgage pays off your existing mortgage, should you have one, by allowing you access to the home equity you’ve worked so hard to build. Any money left after paying off your existing mortgage is available to use as you see fit.

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Our Reverse Mortgage Rates Are Low & Our Process is Quick & Painless

A reverse mortgage is a loan for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments.

We’re here to make the reverse mortgage process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Reverse Mortgage Qualifier.

We’ll help you clearly see the differences between reverse mortgage options, allowing you to choose the right one for you.
We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Adjustable Rate Mortgage Qualifier.

We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you – whether you’re a first-time homebuyer or a seasoned investor.

Here’s how our reverse mortgage process works:

  • Complete our simple Reverse Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs

Understanding Reverse Mortgages in Fort Myers, Florida

A reverse mortgage is a way for you to capitalize on a lifetime’s worth of hard work and diligence in making that monthly mortgage payment. You can use the equity you have accumulated to:

  • Travel
  • Make home improvements
  • Buy a new vehicle
  • Lower or eliminate your monthly payments

But there is more to consider than vacations and remodeling. In 2020, 9.4% of seniors were living below the poverty level, yet they are literally sitting on equity that could be converted to make their lives easier. A reverse mortgage in Fort Myers, Florida could be the difference between deciding whether to buy food or medicine and going out to dinner at a nice restaurant or improving their health.

Most reverse mortgages are disbursed as a monthly payment to the homeowner. A lump sum disbursement is available through n HECM, or Home Equity Conversion Mortgage, but these should be considered carefully as they have some caveats that may not be advantageous.

A reverse mortgage is repaid when the term of the loan is up, which is usually when the mortgagor sells the home, transfers the title, or the property is no longer their full-time residence.

What Is the Age Requirement for a Reverse Mortgage in Fort Myers, Florida?

The reverse mortgage age in Fort Myers, Florida is 62, and eligibility is based on the age of the youngest borrower or potential borrower in the household.

Let the Mortgage Experts in Fort Myers, FL Create a Mortgage Conversion Plan for You

It’s time for you to cash in on the DiGregorio Difference and start talking loan options available to make your life easier and more lucrative. Contact us today for a consultation. We look forward to helping you through the stages of the loan process and seeing another happier, healthier resident of Fort Myers.

Get Your FREE Reverse Mortgage Quote Now!

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