Palm Bay Reverse Mortgage Lender
Citizens Lending Group has become respected throughout Florida as one of the most reliable and trustworthy providers of financial retirement solutions for seniors. Palm Bay reverse mortgage borrowers have come to trust us because of our dedication to providing accurate and complete information about their loan at every step of the process.
A reverse mortgage, like any financial decision, is not a choice to be made lightly and we want our Palm Bay reverse mortgage borrowers to be properly informed. Reach out to us today to learn more about Palm Bay reverse mortgage requirements and to find out if a reverse mortgage loan is right for you.
Important Information About Palm Bay Reverse Mortgage Loans
The best financial decision you can make is one that is informed by a wealth of information. We encourage all of our borrowers to learn all about reverse mortgages to ensure the best outcomes for their financial futures. Please use the information on this page and our website as a guide to help you make the best choice about your finances and to avoid any reverse mortgage problems.
Many Palm Bay reverse mortgage borrowers are unaware that they are protected from many situations that other forms of credit or loans would expose them to. For example, a reverse mortgage cannot be taken out if your finances do not allow you to pay your living and home maintenance expense without the loan. This is to ensure that you are taking out a reverse mortgage only when there are situations of sudden need and not situations of an ongoing shortfall. This protects both the borrower and the bank from entering into a loan that is detrimental to both parties.
A Palm Bay reverse mortgage also allows you to borrow against your home equity, not just the sale price of your home. Other forms of credit may be tied to credit scores or income, which are unreliable in retirement. This allows access to a greater line of financing for emergencies such as unexpected medical costs. Other forms of credit typically are not feasible in these high-dollar situations. A qualified Palm Bay reverse mortgage lender can help you navigate the differences between the lines of credit you have available in retirement to help you understand what is best depending on your situation.
Finally, a Palm Bay reverse mortgage does not require that you sell your home. While it is necessary to repay the loan when you no longer live in the home as your primary residence, your family does have the ability to repay the loan out of pocket if they wish to keep the home after you move out. Also, reverse mortgage loans offer a protection so that you will never owe more than what your home is worth at the time the loan is due.
Contact Us for Your Palm Bay Reverse Mortgage
We want to be the experts you trust when it comes to reverse mortgages. We have earned that trust throughout Florida by our unwavering commitment to our customers. Get in touch with us today to learn more about reverse mortgage loans and the reverse mortgage requirements that affect you.