Local Spotlight: Reverse Mortgages in Florida – Reverse Mortgage Daily

Linton, a loan originator with Sterling Mortgage Services in Stuart, about 100 miles north of Miami, says a rebound in the local housing market has helped with people turning back to reverse mortgages in the Sunshine State.

The lender recently opened its first consumer-direct retail branch dealing exclusively with reverse mortgages in Owings Mills. PRMI Reverse Mortgage. daily newsletters. To promote your local.

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Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness. The loans enable seniors to age in place but have failed many who can’t pay insurance or taxes.

If you’ve tried searching, you’ve likely discovered that it’s not easy to find rates on reverse mortgages. For traditional home loans, it’s quite easy – you can turn to sources such as your local newspapers, well known surveys like Freddie Mac’s, and big financial websites such as Yahoo!

Owners with a reverse mortgage must still pay property taxes and insurance, 1 in 5 Florida Owners With a Reverse Mortgage Are in Trouble.. Reverse mortgages, known as home-equity conversion mortgages, are available to homeowners over age 62 who want to tap into their homes’ equity..

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To aid in this process, you must meet with a Miami-Dade County reverse mortgage counselor to discuss program eligibility requirements, financial implications and alternatives to obtaining a Florida reverse mortgage and repaying the loan. Counselors will also discuss provisions for the mortgage becoming due and payable.

In case you missed it: Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness And: Reverse mortgages: Heirs can lose out when there’s a reverse mortgage on a.

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Barry Scoles, National Sales Manager, Reverse Mortgage Focus. of the industry's #1 wholesale Reverse Mortgage lender*-giving you access to our:.

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