Florida
Florida Reverse Mortgage Line of Credit
For Florida homeowners 62 and older facing rising hazard insurance costs, a HECM line of credit can provide flexible funds without a monthly mortgage payment.*
Why Florida Homeowners Consider It
Insurance premiums in much of Florida have climbed faster than retirement income. A reverse mortgage can eliminate an existing mortgage payment, and the line of credit portion gives you a source to draw on for premiums, deductibles and repairs — you pay interest only on what you actually use.
Cash flow
Replacing a monthly mortgage payment frees room in the budget right away.
A standby reserve
Draw only when you need it. The unused portion grows over time.
Staying put
You keep the title and stay in the home, as long as taxes, insurance and upkeep are current.
*Borrowers remain responsible for property taxes, homeowners insurance and home maintenance. The loan balance grows over time.
Ready to Talk It Through?
Call 208-412-3676 or send a message. No pressure, no obligation.