Turn the Value of Your Home Equity Into Usable Cash

How Reverse Mortgage Companies in Florida Can Help

When your home builds equity, you can use this benefit in a number of different ways. One of the most popular ways homeowners use this benefit is by applying for a reverse mortgage. In this scenario, your equity pays you.

It might sound too good to be true but countless homeowners utilize this type of mortgage loan when they have built up enough equity. With help from Colonial Mortgage Corp., we can walk you through the process of applying for a reverse mortgage and everything that comes after. There's a reason we're one of the top reverse mortgage companies in Florida: call us today!

What Is a Reverse Mortgage?

A reverse mortgage is a type of financial loan that allows the homeowner to get payments from the bank. In a regular mortgage, homeowners must pay monthly fees to pay down the loan on their home. However, a home with good equity can be financially compensated for the wealth that has accrued on their home. By talking to Colonial Mortgage Corp. you can determine how much equity your home has accrued and if a reverse mortgage is possible.

Keep in mind that you can apply for this type of mortgage if the house is your primary residence and if you live on the property for at least six months or more out of each year. A reverse mortgage is particularly common among older adults who want to pad their retirement fund with extra money. However, just about anyone can become the beneficiary of a reverse mortgage with the right qualifications. You won't owe the lender anything until you're ready to sell your home. Contact Colonial Mortgage Corp. to see if you're one of the many people who can benefit from this type of home loan.

The Benefits of a Reverse Mortgage

When you invest in a reverse mortgage with Colonial Mortgage Corp., you can experience the following benefits, including:

• A fast, simple, and stress-free process
• Your credit history and income won't disqualify you from the loan
• You can repay any remaining mortgage balance
• Non-taxable income from the loan
  

Contact Colonial Mortgage Corp.

Getting a reverse mortgage is a big decision. You deserve to have the experienced team at Colonial Mortgage Corp. on your side. Allow Colonial Mortgage Corp. to help you navigate the ins and outs of this type of home loan.