Florida's Reverse Mortgage Center (Tampa)

WHAT IS A REVERSE MORTGAGE?

First and foremost, a Reverse Mortgage is JUST A MORTGAGE! While it is certainly a unique lending product, a reverse mortgage is simply a mortgage loan type that is available to homeowners who are 62 years or older that allows them to convert the equity in their home into one of the following or a combination of the three: 

- A lump sum payment 

- Monthly income 

- Line of credit

ALL WITHOUT HAVING A MONTHLY MORTGAGE PAYMENT…EVER!

A Reverse Mortgage helps people that want to tap into the equity in their homes and use the money as they want to use it.

This loan is called a reverse mortgage because it is the opposite of a traditional mortgage. 

Instead of making monthly payments to a lender, the lender makes payments (Or a lump sum or line of credit) to you as the borrower. 

Interest and appreciation accrue over time; as long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your property taxes, homeowner’s association dues and insurance.

Generally speaking, cash you access from the existing housing wealth of your home is TAX-FREE and you are free to use it as you see fit: debt consolidation, supplemental income, health emergencies, helping loved ones, or perhaps most popular, eliminating an existing mortgage payment that is bogging down a potential retirement. 

A Reverse Mortgage puts the power and choice into your hands as the homeowner to craft a solution that works for your situation, allowing you to take control of your retirement .

Now, you are probably asking yourself, what do I do next?

Pick up the phone and reach out to us  and let’s discuss your unique situation. 

If you are 62 & up and own your home, Florida’s Reverse Mortgage Center can help you access Tax-Free Cash for almost any need. 

Or, email us at :

FLRMC1009@gmail.com 

and we can have a private and confidential conversation via email about how we can help you improve your financial situation with a Reverse Mortgage.

A MESSAGE FROM OUR PRESIDENT

Hello, and thank you for visiting our webpage. Your home is one of your biggest assets, and the source of appreciating wealth. A Reverse Mortgage in Florida can help you tap into that existing wealth, so you can build a better retirement, without ever requiring a payment or having to give your home or lifestyle! 

As President of Florida’s  Reverse Mortgage Center, my goal is to get anyone who wishes the most complete information about reverse mortgages in Florida and to serve our clients as personally and thoroughly as possible.

Many clients come to me, struggling with how unprepared they are with the realities of a modern retirement. Often, burdensome debt for honorable reasons ("I had to take out another mortgage to pay for my kid's college") or unfortunate circumstances beyond one's control ("Cancer doesn't stop the bills, I needed to take out the money at the time...") or an unplanned end of employment ("It was cheaper to hire someone else than keep me") leads to a truly tough spot. Trying to enjoy the Golden Years can run right into financial realities from years past.

The big question on these same client's mind is: "How can I solve this financial puzzle, so I can build a better retirement, without having to sell my home or give up my lifestyle?"

After over a 26+ year career in residential and consumer finance, I spent several years of intense studying and training learning and mastering the nuance of Reverse Mortgages in Florida, and I have finally built a winning program that I hope to share with you.

With a great passion for helping others, as well as an equal passion for our great state of Florida, we aim to truly be Florida’s Reverse Mortgage Center in every way. 

We ONLY write reverse mortgage loans in Florida, and this allows us to give a level of service that simply cannot be matched by national companies. 

We center our beliefs and values around the idea of serving our clients, and I personally look forward to serving you.

Cordially,
Rick Foxx
President