Supplementing Your Retirement Income with a Reverse Mortgage

Here at Nationwide Home Loans (NHL), we are your premier reverse mortgage company in Fort Lauderdale. With years of extensive industry experience, we have the knowledge and expertise to protect your retirement income and secure your financial future. In fact, reverse mortgages help retirees and senior homeowners access additional income without having to budget for a home equity loan.

The Advantages of Reverse Mortgage Loans

reverse mortgage in Fort LauderdaleAs seasoned and reputable home loan professionals, working with our staff at NHL Lending is a great way to turn your retirement dreams into realities with the help of a reverse mortgage. This type of loan is specifically for homeowners sixty-two years of age and older and allows the homeowner to borrow against their built-up equity.

While traditional home equity loans mandate monthly payments, reverse mortgages require no out-of-pocket expenses, making them a great way to secure more finances for retirement and add additional income to your budget every month. Homeowners can use this additional income to supplement social security, pay off medical bills, travel, or finance any other venture they choose to pursue.

Additionally, when you take out a reverse mortgage in Fort Lauderdale, the outstanding loan balance is only paid when the home sells or the homeowner passes away. If the borrower or loan borrower expires, the debt does not pass to his or her spouse which allows surviving family members more money for medical bills, funeral costs, etc.

Understanding Reverse Mortgages in Fort Lauderdale

Monthly income stemming from reverse mortgages is carefully structured. In fact, the earned income can never exceed the value of your property. This secures your home as collateral – and allows senior and seasoned homeowners to qualify for reverse mortgage loans regardless of their credit history or rating. Additionally, a reverse mortgage never affects your Medicare or SSI benefits. This means you can save more money on your Social Security Benefits and current or future payouts. These loans are also risk and taxfree, and the perfect way to enjoy your retirement savings with additional and disposable income available.

At NHL Lending, we can help you secure better financial flow in your retirement or senior years. It’s as simple as contacting us to discuss reverse mortgage loans, and how they can potentially benefit your home equity in the short and long run.

Why Nationwide Home Loans?

reverse mortgage loansNationwide Home Loans is your source for the best reverse mortgage loans in Fort Lauderdale. Our highly-dedicated team is committed to meeting all your homeownership and retirement finance needs. We recommend reverse mortgage loans since they generate extra money for living expenses. Again, these loans never affect your SSI or Medicare benefits – because reverse mortgages are based on equity and not income.

However, if a reverse mortgage is not for you at this time, we also feature VA loans, FHA loans, fixed loans, variable loans, and many other financing options. In fact, every loan we extend to a borrower is designed to meet the specific needs their particular home mortgage, and we connect you to the top lenders with the best rates, along with benefits programs via the Federal Housing Administration and Veteran’s Affairs.

For more information on reverse mortgages in Fort Lauderdale or any of the other loans we offer, simply contact us today or visit our website.

 

By |2019-04-01T14:13:55+00:00March 2nd, 2019|blogs|0 Comments

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