Port Orange Reverse Mortgage Lender
In Port Orange, Florida, there are several lending groups offering reverse mortgage lending services to retirees, but we at Citizens Lending Group stand out due to our professionalism and quality customer service. We strongly believe that for those who find themselves in their retirement years, it is important to be informed about reverse mortgages in order to make the best financial decisions. There are a lot of benefits to be had from a Port Orange reverse mortgage, which is why we invite you to get in touch with us today to learn about Port Orange reverse mortgage requirements and find out if a reverse mortgage is right for you.
Port Orange Reverse Mortgage Facts
It is normal to feel anxious or cautious before taking out any a loan, but once you find someone trustworthy to guide you through the process, this feeling will subside. At Citizens Lending Group, we are committed to providing the best and most accurate information to our customers to help them understand all about reverse mortgages and decide whether a reverse mortgage is right for them. Below is some basic information that all seniors should know about reverse mortgages.
One common misunderstanding about reverse mortgages is that many retirees worry about needing to sell their home when it is time to repay the loan. However, a Port Orange reverse mortgage does not require the selling of a home in order for repayment to take place. When the loan repayment is due, you or your loved ones can opt to repay the loan out of pocket or sell the home. Additionally, reverse mortgage protection rules prevent seniors from paying more than the fair market value of their properties. Any additional costs are covered by the lender’s mortgage insurance policy.
While some seniors consider other alternatives to reverse mortgages for financing their retirement, there are some major downfalls to these options. Contrary to popular belief, traditional lines of credits can be closed if not used for a long time. This is something that many people are not aware of as they reach retirement. Many who are not aware of this little-known fact think that they can take advantage of them later down the road, only to find out that credit is gone.
However, this is not the case with reverse mortgages. Once you sign your loan, Port Orange reverse mortgage loans can be dispersed over time and are tied to the equity of your house. The money available will only go down if and when you decide to spend it. Nowadays, it is quite common to face a financial shortage, but you do not have to worry with Citizens Lending Group in your corner. We can help you make the best decision for your current needs.
Contact Us for More Port Orange Reverse Mortgage Information
Over the years, Citizens Lending Group has built confidence and trust among numerous retirees in Port Orange. We see each client as an individual, which is another element that sets us apart from other lenders in the area. We strongly believe that every single one of our clients need to be well-informed about reverse mortgages so they can make educated decisions about their future. If you would like to learn more, get in touch with us and our friendly experts will be happy to tell you more about Port Orange reverse mortgage requirements and benefits.