Address: 4076 FL-44 Ste 23, Wildwood, FL 34785, USA
Phone: +13525613324
Sunday: 10AM–6PM
Monday: 7:30AM–9PM
Tuesday: 7:30AM–9PM
Wednesday: 7:30AM–9PM
Thursday: 7:30AM–9PM
Friday: 7:30AM–9PM
Saturday: 8AM–8PM
Judy Pacione
Brian Correa exceeds a 5-star rating! He completely understands every aspect of the reverse mortgage industry and he guided us flawlessly through the process to obtain our HECM loan. Brian exhibits the highest ethical standards and his honesty and integrity make him a true professional. Brian was great at keeping us updated and his optimistic communications were always a highlight of our day. In addition to his exceptional business practices he is a wonderful human being. Brian and the team at Florida's Best Reverse Mortgage company are simply the best!
Billy Conner
Top-notch service; local to the area and willing to make house calls. Highly recommend!
Darby Shaw
Very patient and understanding, they really know what they are talking about when it comes to reverse mortgages. And local too!
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After paying off any existing mortgage, the money you receive from your reverse mortgage loan can be used any way you choose; paying for medical expenses (including in-home care), home improvements, living expenses, vacation, helping loved ones...there really are no limitations or restrictions, once you receive the net proceeds.
For most HECM programs, 62; however, new proprietary programs are now available for some folks as young as 55.
The federal government requires that all reverse mortgage borrowers receive counseling before they take out a HECM loan. Counselors are trained and approved by HUD to provide unbiased information, and they help the borrower gain more knowledge and information into their particular proposed loan.
Credit scores aren't taken into account, however, those with credit challenges may have to utilize a LESA (Life Expectancy Set Aside) in order to qualify.
When the last surviving borrower passes away the reverse mortgage becomes due and payable, OR if you sell the property, if you no longer occupy your home as your primary residence for a period of 12 months or longer, or it you fail to maintain the property taxes and homeowner’s insurance.
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