St. Petersburg Reverse Mortgage Loans
One of the most important decisions you can make in retirement is to take control of your financial stability. No one wants to leave a burden for their family after they are gone, but you should not have to sacrifice on the things that matter or the things you need. A reverse mortgage can help you balance both.
Citizens Lending Group has been a leading St. Petersburg reverse mortgage lender for years. We have helped many St. Petersburg reverse mortgage borrowers find the security and the stability they need to live the best life they can. Contact us today to learn more about reverse mortgage requirements and how Citizens Lending Group can help you.
Important St. Petersburg Reverse Mortgage Information
All financial decisions require careful thought and research. This is even more true in your retirement because the choices you make may end up affecting your family as well. Citizens Lending Group has earned Floridians trust for years because of our dedication to educating all of our St. Petersburg reverse mortgage borrowers about the pros and cons of these types of loans.
Many Florida retirees worry that they may not have the finances they need when they need them for unexpected expenses and bills. Between retirement savings disbursements and Social Security, many seniors are on a very tight fixed income. Other forms of credit can actually be closed for lack of use or may not be available to you when you need them most. However, with St. Petersburg reverse mortgages, you can take your money as monthly payments, a lump sum, or as a line of credit, and the value will never go down.
Additionally, most St. Petersburg reverse mortgage borrowers are surprised by how much they can actually qualify for. As you pay your mortgage down over time and as the economy drives the price of your home upward many people actually gain equity in their homes. This equity is tied to the amount that you can receive in a reverse mortgage and it may be much more than the mortgage you originally took out to buy your home.
As you learn all about reverse mortgages, you may be surprised to find out that not all reverse mortgages end with the sale of the home. Many families decide to keep the home with the heirs paying the loan out of pocket at the time when the loan becomes due.
Another often overlooked option is a reverse mortgage purchase, which is a loan that allows seniors 65 and older to move from a home that no longer suits their needs in old age to one that does.
A qualified St. Petersburg reverse mortgage lender can help you navigate the best choice depending on your situation.
We Want to Be Your St. Petersburg Reverse Mortgage Lender
Contact us at Citizens Lending Group today to learn more about how we help Florida retirees feel secure in their financial future, and to ask any questions you may have about St. Petersburg reverse mortgage requirements.