Access Equity with No Additional Monthly Mortgage Payments Required* HomeSafe Second is a new fixed-rate reverse loan that allows you to tap into your home equity via a second mortgage. There is no additional monthly payment requirement and no change to the
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Owning a home is a significant milestone in anyone’s life, and for Florida residents, the Homestead Exemption offers a valuable financial benefit that can …
Affording home healthcare can be a significant financial burden, especially for seniors who don’t want to deplete their investment accounts. Imagine being a 70-year-old woman dealing with the challenges of multiple sclerosis (MS), owning a $900,000 home free and clear, and having
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Reverse Mortgage is a strategic tool that allows adults 62 and over to increase their buying power for the purchase of their new dream home while eliminating required monthly mortgage payments. Move closer to family and loved ones Buy on the beach,
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Over several decades, reverse mortgages have gone through an evolution of policy and legislative changes that incorporate key protections for borrowers. Thanks to improved regulations and education and a changing financial landscape, these financial tools, once considered questionable by many financial advisors,
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The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible community workforce. The Florida Hometown Heroes Housing Program This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community where
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Unlocking Dreams: How Kathy Used a Reverse Mortgage to Purchase a Cabin in NC for Her Daughter In today’s ever-changing financial landscape, individuals are exploring innovative ways to leverage their assets and secure their future. One such option gaining popularity is a
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As people age, it is common for families to consider generational housing, which involves multiple generations living together in the same household. However, financing generational housing can be challenging, as it often involves significant upfront costs and ongoing expenses. In this blog,
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Reverse mortgages have been around for decades, but there are still many misconceptions and myths surrounding this financial product. A reverse mortgage is a type of home equity loan that allows homeowners who are 62 years or older to convert a portion
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In 2020, the COVID-19 pandemic brought significant changes to the real estate market, including changes in the requirements for conventional mortgages for condos. Before the pandemic, the requirements were relatively relaxed, but after 2020, lenders began to tighten their standards to reduce
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