We Understand the unique challenges faced by seniors. We're a top-rated reverse mortgage broker (Zillow & Google) with over 30 years of experience helping over 500 families in South Florida. We're local (born and raised!), compassionate , and treat our clients like family.
Unlock the hidden value in your home and get a lump sum or a line of credit - no monthly mortgage payments required!
Pay for medical bills, invest, or simply enjoy peace of mind with extra cash on hand.
You own the house, you continue to live there! A reverse mortgage lets you age in place comfortably.
We explain everything upfront, so you know exactly what to expect.
Our streamlined application process takes the hassle out of getting a reverse mortgage.
Your financial information is safe with us. We take security measures seriously.
Unlock the hidden value in your home and get a lump sum or a line of credit - no monthly mortgage payments required!
Pay for medical bills, invest, or simply enjoy peace of mind with extra cash on hand.
You own the house, you continue to live there! A reverse mortgage lets you age in place comfortably.
We explain everything upfront, so you know exactly what to expect.
Our streamlined application process takes the hassle out of getting a reverse mortgage.
Your financial information is safe with us. We take security measures seriously.
Story:
Thalia (name changed to protect privacy) loved her Fort Lauderdale home. It held countless memories of a life shared with her beloved husband. Sadly, when he passed away, financial worries clouded those happy moments. Selling the house wasn’t an option. It wasn’t just bricks and mortar; it was a haven of peace and familiarity.
A Solution for Staying Put:
At ReverseMortgageSouthFlorida.com, we specialize in helping seniors like Thalia navigate financial challenges. A reverse mortgage offered the perfect solution:
More Than Just a House, It’s Home:
Thalia didn’t have to leave the home she cherished. With a reverse mortgage, she gained financial security while staying put. She can continue making memories in her haven, worry-free.
Could a Reverse Mortgage Help You Too?
Many Florida seniors find themselves in a similar situation – asset-rich, cash-constrained. A reverse mortgage can be the key to unlocking the hidden wealth in your home, allowing you to stay put and pursue your financial goals.
Disclaimer:
The story featured is based on a real client experience. However, names and specific details have been changed to protect our client’s privacy.
Story
Madeline (name changed to protect privacy) was a proud woman. In her late 80s/early 90s, she still fiercely guarded her independence. But recent medical bills threatened to change that. Social Security simply wasn’t enough, and relying on her son for financial support weighed heavily on her.
The Burden of Medical Expenses
The stress of mounting medical bills cast a shadow over Madeline’s golden years. She didn’t want to be a burden on her son, yet the escalating costs were a constant worry.
A Solution with Dignity
ReverseMortgageSouthFlorida.com presented a solution that allowed Madeline to maintain her independence and dignity. Through a reverse mortgage on her paid-off South Florida home, she was able to access a significant sum:
Over $470,000 Cash Infusion: This substantial amount covered her medical expenses in full, eliminating financial worries.
Peace of Mind for All: The burden lifted from Madeline’s shoulders, allowing her to focus on her health and well-being. Her son could finally breathe easy knowing his mother was financially secure.
Staying Independent: Madeline remained in her own home, surrounded by the familiar comfort she cherished.
A Legacy of Security
A reverse mortgage empowered Madeline to take control of her situation. She could now focus on her health and enjoy her remaining years without financial anxieties. This, in turn, secured peace of mind for her son, ensuring his mother’s well-being.
Could a Reverse Mortgage Help You Too?
Many Florida seniors face similar challenges – managing medical expenses and maintaining independence. A reverse mortgage can be a powerful tool, allowing you to access your home equity and cover unexpected costs, all while remaining in your own home.
Don’t let medical expenses rob you of your independence. Contact ReverseMortgageSouthFlorida.com today for a free consultation and explore how a reverse mortgage can help you achieve financial security and peace of mind.
Disclaimer
The story featured is based on a real client experience. However, names and specific details have been changed to protect our client’s privacy.
Story:
Cynthia (name changed to protect privacy) was in her late 80s, living on a fixed income. Social Security and a small pension just weren’t enough. Debt was piling up, her kids weren’t able to help, and keeping up with even basic bills was a constant struggle. Her once beautiful home suffered too. Termites were a growing problem, but repairs were out of the question. The paint was peeling, the spirit of the house fading alongside her own.
Here’s How We Helped (and How We Can Help You):
At ReverseMortgageSouthFlorida.com, we understand the unique challenges faced by seniors. We helped Cynthia find a solution through a reverse mortgage. Here’s what it did for her:
The Result? Cynthia is no longer drowning in debt. She’s living comfortably, her home is in good shape, and most importantly, the stress is gone. Now, she can truly enjoy her golden years.
Could a Reverse Mortgage Help You Too?
Just like Cynthia, many Florida seniors are sitting on a valuable asset – their home equity. A reverse mortgage can unlock that equity, providing the financial freedom and peace of mind you deserve.
Don’t wait another day to breathe easy. Schedule a free consultation with a trusted, local Reverse Mortgage Specialist today!
Disclaimer:
The story featured is based on a real client experience. However, names and specific details have been changed to protect our client’s privacy.
Story:
Thalia (name changed to protect privacy) loved her Fort Lauderdale home. It held countless memories of a life shared with her beloved husband. Sadly, when he passed away, financial worries clouded those happy moments. Selling the house wasn’t an option. It wasn’t just bricks and mortar; it was a haven of peace and familiarity.
A Solution for Staying Put:
At ReverseMortgageSouthFlorida.com, we specialize in helping seniors like Thalia navigate financial challenges. A reverse mortgage offered the perfect solution:
More Than Just a House, It’s Home:
Thalia didn’t have to leave the home she cherished. With a reverse mortgage, she gained financial security while staying put. She can continue making memories in her haven, worry-free.
Could a Reverse Mortgage Help You Too?
Many Florida seniors find themselves in a similar situation – asset-rich, cash-constrained. A reverse mortgage can be the key to unlocking the hidden wealth in your home, allowing you to stay put and pursue your financial goals.
Disclaimer:
The story featured is based on a real client experience. However, names and specific details have been changed to protect our client’s privacy.
Story
Madeline (name changed to protect privacy) was a proud woman. In her late 80s/early 90s, she still fiercely guarded her independence. But recent medical bills threatened to change that. Social Security simply wasn’t enough, and relying on her son for financial support weighed heavily on her.
The Burden of Medical Expenses
The stress of mounting medical bills cast a shadow over Madeline’s golden years. She didn’t want to be a burden on her son, yet the escalating costs were a constant worry.
A Solution with Dignity
ReverseMortgageSouthFlorida.com presented a solution that allowed Madeline to maintain her independence and dignity. Through a reverse mortgage on her paid-off South Florida home, she was able to access a significant sum:
Over $470,000 Cash Infusion: This substantial amount covered her medical expenses in full, eliminating financial worries.
Peace of Mind for All: The burden lifted from Madeline’s shoulders, allowing her to focus on her health and well-being. Her son could finally breathe easy knowing his mother was financially secure.
Staying Independent: Madeline remained in her own home, surrounded by the familiar comfort she cherished.
A Legacy of Security
A reverse mortgage empowered Madeline to take control of her situation. She could now focus on her health and enjoy her remaining years without financial anxieties. This, in turn, secured peace of mind for her son, ensuring his mother’s well-being.
Could a Reverse Mortgage Help You Too?
Many Florida seniors face similar challenges – managing medical expenses and maintaining independence. A reverse mortgage can be a powerful tool, allowing you to access your home equity and cover unexpected costs, all while remaining in your own home.
Don’t let medical expenses rob you of your independence. Contact ReverseMortgageSouthFlorida.com today for a free consultation and explore how a reverse mortgage can help you achieve financial security and peace of mind.
Disclaimer
The story featured is based on a real client experience. However, names and specific details have been changed to protect our client’s privacy.
Story:
Cynthia (name changed to protect privacy) was in her late 80s, living on a fixed income. Social Security and a small pension just weren’t enough. Debt was piling up, her kids weren’t able to help, and keeping up with even basic bills was a constant struggle. Her once beautiful home suffered too. Termites were a growing problem, but repairs were out of the question. The paint was peeling, the spirit of the house fading alongside her own.
Here’s How We Helped (and How We Can Help You):
At ReverseMortgageSouthFlorida.com, we understand the unique challenges faced by seniors. We helped Cynthia find a solution through a reverse mortgage. Here’s what it did for her:
The Result? Cynthia is no longer drowning in debt. She’s living comfortably, her home is in good shape, and most importantly, the stress is gone. Now, she can truly enjoy her golden years.
Could a Reverse Mortgage Help You Too?
Just like Cynthia, many Florida seniors are sitting on a valuable asset – their home equity. A reverse mortgage can unlock that equity, providing the financial freedom and peace of mind you deserve.
Don’t wait another day to breathe easy. Schedule a free consultation with a trusted, local Reverse Mortgage Specialist today!
Disclaimer:
The story featured is based on a real client experience. However, names and specific details have been changed to protect our client’s privacy.
General Manager
To become eligible for a reverse mortgage, you must be at least 62 years old and own your home. You must have equity in the house to pay off any outstanding balances, and your home must be occupied as your principal residence. All applicants are subject to a financial assessment to determine their financial capacity and willingness to pay obligations as part of the qualification process.
The amount of money that a lender will loan depends on how old you are at the time of closing, how much your house is worth, the total amount of liens, and interest rates. The payoff of your existing mortgage and mandatory obligations along with the payment option chosen will affect the amount of money you will receive. HUD limits borrowers to using 60% of the available money (after closing costs & fees) in the first year. The remaining funds are accessible beginning year two. This maximum disbursement limit set by HUD allows for the GREATER of:
There are several different options to choose from. You can take the money in a lump sum (up to HUD’s first-year maximum withdrawal)*, set up a line of credit, monthly payment, or a combination of all three. In the first year, the Line of Credit or monthly Tenure Payments or monthly payments cannot exceed 60% of the Principal Limit. After the first year, the available Line of Credit or Tenure/Monthly payments will be increased when applicable.
The fees and cost of a reverse mortgage are based on a number of items. For example, an origination fee is paid to the broker/lender, a MIP (mortgage insurance premium) is paid to FHA on the Home Equity Conversion Mortgage (HECM), an appraisal fee, a flood certification fee, a document preparation fee, title, settlement, and escrow fees. All costs are clearly shown on the Good Faith Estimate (GFE). Monthly servicing fees could apply.
FHA requires a Mortgage Insurance Premium (MIP) to be collected at closing and during the life of the loan. These premiums are charged to the borrower’s loan balance. The upfront Mortgage Insurance Premium (MIP) is calculated using your home’s appraised value or a maximum of $1,089,300 (the 2023 national HECM limit cap) and is charged at closing. The ongoing FHA insurance premiums are calculated using each month’s outstanding loan balance.
Yes. Counseling is required with an independent third party HUD-approved counselor to protect borrowers from receiving incorrect information about reverse mortgages. The lender must be in receipt of the counseling certificate before they can close the loan. To locate a reverse mortgage counselor near you, contact your Mortgage Loan Originator or your local HUD office.
While the proceeds you receive from a reverse mortgage are typically not subject to individual income taxation, you will need to consult your tax advisor.
A reverse mortgage was created so borrowers don’t have to pay most fees during the course of the loan. Typical upfront costs are for the appraisal and HUD-approved reverse mortgage counseling (some agencies waive counseling fees at their discretion). However, there may be a monthly servicing fee associated with reverse mortgages (which will be financed and added to the loan balance). For more information on the service set-aside, please talk to your Mortgage Loan Originator.
We recently heard about reverse mortgages and contacted Gian, who was most helpful in explaining how we can tap into our equity for use during these difficult economic times as recent retirees, and determine if this is the right choice for our situation. He also shared with us the certain criteria you must meet to be eligible, and answered all our questions. I would highly recommend using Gian for all your loan needs.
“Amazing is the word that comes to mind when I think about Gian and his team. They made this experience stress free, and handled everything so professionally. They never left my side, they made sure I was informed and comfortable throughout the entire process. I definitely plan to recommend Gian and team to every and anyone … Thanks you guys for making my wish come true. A-M-A-Z-I-N-G”
"I was referred to Gian by a colleague after being let down by two other mortgage brokers. Gian proved that 'third time's a charm.' Initially skeptical, I quickly saw he is the best. His professionalism and transparency throughout my home loan process made everything smooth. He delivered on every promise and is a true expert. I highly recommend him to everyone and wish I had met him from the start. HIGHLY RECOMMENDED!"
