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Reverse Mortgage in Florida

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Planning for the Future

Enjoy your retirement using the equity in your home

Access to money whenever you need it.

LINE OF CREDIT ACCESS

Use funds at any time and increase your retirement income.

MAINTAIN HOME OWNERSHIP

Using a HECM (home equity conversion mortgage), the title stays in your name.

NO MORTGAGE PAYMENTS

Only pay for taxes, insurance, and any applicable fees.

SECURE YOUR FUTURE

A reverse mortgage can improve your financial stability.

Change the way you live your retirement with a GoKapital Reverse Mortgage

A reverse mortgage allows you to convert the equity in your home into an easily accessible line of credit. How do you qualify?

 

check1 One applicant must be at least 62 or more
check2 Your home must have sufficient equity if it currently has a mortgage
check3 The property must be your primary residence
check4 You must not be past due on federal debt

Call 1-866-257-2973 to speak with a loan consultant and learn more today.

Simple Application Process

Initial Real Estate

Loan Application

Appointment

with Reverse Mortgage Counselor

Property

Appraisal and Inspection

Financial

Review and Underwriting

Loan Closing

and Access to Financing

What is a Reverse Mortgage?

A reverse mortgage also called a Home Equity Conversion Mortgage (HECM), is a type of home equity loan for homeowners who are 62 or older. This type of loan allows homeowners to convert their house equity into cash without giving up ownership. The borrowers can choose how they want to receive the funds, in fixed monthly payments, as a lump sum, or as a line of credit.

It is called a Reverse Mortgage because the borrower does not make any monthly payments to the lender, instead, the lender makes payments to the borrower.

Reverse Mortgage Benefits

check2 You maintain ownership of your home.
check3 The property may be sold at anytime.
check4 The loan can be paid off with no pre-payment penalties.
check4 The loan can be paid off with no pre-payment penalties.
check4 You have the option of receiving a lump sum or monthly payments.
check4 You are protected from declining property values, since it is a non-recourse loan.

Call us at 866-257-2973 and find out how we can help you!