Financial NewsRefinance a Reverse Mortgage in Florida: HECM to HECM...

Refinance a Reverse Mortgage in Florida: HECM to HECM Refinances Being Offered By Florida’s Best Reverse Mortgage Company

Clearwater, FL, 16 Aug 2021, ZEXPRWIRE, Thinking about refinancing a reverse mortgage? You’re not alone, with unprecedented equity gains over the last several years putting many current reverse mortgage holders in an advantageous position. Announcing full offering of reverse mortgage refinance products, Florida’s Best Reverse Mortgage Company aims to assist any current reverse mortgage holders interested in getting answers.

 “We have received many calls from folks currently in a reverse mortgage who are curious how much their home has gained in value and have questions about their options. Can I access more money? Can I get a larger line of credit? Is refinancing a reverse mortgage realistic? Every one of those people has a situation unique to them, and there is no one-size-fits-all answer. We take the time to talk with every single person and answer every single question, discuss the ins-and-outs of a HECM to HECM refinance, and ultimately run an analysis to see how we can help and be of service.” said Brian Correa, President of Florida’s Best Reverse Mortgage Company.

Part of the analysis involved in a HECM to HECM refinance involve strict calculations to protect the borrower by ensuring that refinancing a reverse mortgage has a clear benefit for them. Rules put in place such involving loan closing costs, loan proceeds, and seasoning requirements are all taken into careful consideration.  

“We do all of the work upfront. With a couple pieces of information and a few minutes of your time, we can find out what you do or do not qualify for and get you an idea of how much equity you may be able to access. Plus, with offices all over Florida and growing, we can accommodate you locally. If you are in Florida, just Google Florida’s Best Reverse Mortgage Company, and look for an office near you!”

A HECM to HECM refinance, or reverse mortgage refinance, is when someone in a reverse mortgage refinances their current reverse mortgage into a new reverse mortgage. Generally speaking, refinancing an existing reverse mortgage can be a great option when home values rise dramatically, there is a need to change the interest rate, or the homeowner would like to add another person to the mortgage such as a new spouse or qualifying family member. Though costs are usually lower, there are strict qualifying calculations when refinancing a reverse mortgage.

“We have programs available for Reverse Mortgage refinancing, Jumbo Reverse Mortgage refinancing, and access to more loan programs and products that traditional lenders, who usually only have one product line, if that. If you have been thinking about refinancing a reverse mortgage in Florida, reach out to us today!”

About Florida’s Best Reverse Mortgage Company: With offices in Tampa, Orlando, Fort Myers, and Jacksonville, Florida’s Best Reverse Mortgage Company is Florida’s premier outlet for reverse mortgages, providing local and trusted service statewide. 

Media Contact

Company Name:-Florida’s Best Reverse Mortgage Company

Email:-[email protected]

Company Website:-https://www.floridasbestreverse.com

The post Refinance a Reverse Mortgage in Florida: HECM to HECM Refinances Being Offered By Florida’s Best Reverse Mortgage Company appeared first on Zex PR Wire.

Latest news

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when it comes to blockchain and decentralized finance (DeFi). But it...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in November 2021 (nearly $ 3 trillion), the memories left by...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for payments for goods and services . This time, it's the South American...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced massive congestion resulting in higher transaction fees . Fortunately, second-layer solutions continue to...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC) has been patiently awaiting the entry into force of its Taproot...

Regulation and taxation on cryptocurrency mining in Russia

The Duma wants to regulate Bitcoin and cryptocurrency mining in the country. The laws would notably make it possible to...

Must read

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC)...

You might also like
Recommended to you