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Three south florida mortgage loan officers and a Pennsylvania title agent face federal criminal charges in connection with an elaborate $2.5 million reverse mortgage scheme, the first case of its kind.
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Naples Reverse Mortgage. Foundation Mortgage Corporation is an A+ rated independent Mortgage Bank based in Miami Beach, Florida. Foundation Mortgage is a local, direct lender assisting clients with their Reverse mortgage needs in Florida since 1998. Naples is one of the most complex mortgage financing markets in the country.
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Florida Reverse Mortgages. Floridians are increasingly turning to Reverse Mortgages to help them stay in their homes during retirement. The number of HECM reverse mortgage loans in Florida has increased 35% since 2014. 1 As one of the largest reverse mortgage lenders in the nation, Liberty Home Equity Solutions, Inc.
Two Florida-based reverse mortgage companies – Reverse Mortgage Advisors based in Lady Lake, and Access Reverse Mortgage Corp. based in Clearwater – are combining personnel and resources in order to "serve clients more effectively" and "ensure homeowners get the most from their property," according to a press release.
Currently, the Florida HECM (Home Equity Conversion Mortgage) is the most popular reverse loan program in Florida as well as the rest of the country. With a florida hecm reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages.
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A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care.
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