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We Are Reverse Mortgage Experts
_Seniors Reverse Mortgage_
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Reverse Mortgage Requirements
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* Owner or spouse must be at least 62 years old.
* Must meet all FHA minimum property standards.
* Health and safety issues cleared.
* Any debt on the home must be paid off before or through the proceeds of the loan.
* Borrower must live in the home as their primary residence.
* Borrower must not be delinquent on any federal debt.
* Borrower must receive HECM counseling from a HUD approved counseling agency.
Let us show you in person, not tell you over a phone call, how a reverse mortgage can help you live the retirement you _deserve_
Call or Email for Instant access
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We Serve North Florida And Baldwin County Alabama including:
Pensacola
Fort Walton Beach
Mobile
Destin
Tallahassee
and Surrounding Areas
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Why a Reverse Mortgage?
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* Create an alternative source of income.
* Eliminate any “Out of Pocket” monthly mortgage payments.
* The Borrower may remain in the home for as long as he wishes to.
* Title stays in the Borrower’s name.
* There is no equity sharing with the lending bank which means the borrower gets full advantage of rising property value.
* Purchase a new primary residence without having to pay a monthly payment to repay the loan.
* Can be applied on Condos, SFR’s, 1-4 Units, & PUD’s.
* Available with Forced and ARM Rate Types.
* For purchase and refinance.
* We offer flexible payments.
### How a Reverse Mortgage in Florida Works
A reverse mortgage differs from a conventional loan in several ways. A conventional loan requires monthly payments and a down payment from the buyer to the lender upon purchase. The home equity increases with every payment until the mortgage is paid off. With a reverse mortgage, the homeowner has no payment obligations on a month-to-month basis. Because the loan is typically used to downsize or relocate a residence, the owner has access to the home equity in the previous home and can use the equity in a variety of ways: a lump sum of cash, a monthly income, or a line of credit.
[Learn More About Our Process](https://seniorsreverse.net/the-process/)
### A Nationwide Mortgage Licensing System
 Seniors Reverse Mortgage is dedicated to abiding by all laws and precepts in Florida regarding mortgage transactions. Our knowledgeable and experienced professional, Jim C. Boswell, is a licensed nationwide mortgage professional. He will visit your home for a private consultation or will counsel with you at his office. We will never pressure you to make this important decision over the phone or by mail.
[Learn More About Reverse Mortgage Guidelines](https://seniorsreverse.net/faq/)
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[850-863-1600](tel:8508631600)
Seniors Reverse Mortgage
158 Eglin Parkway NE
Fort Walton Beach FL 32548
Jim Boswell, NMLS #162258
Ken Boswell, NMLS #1249238
This material is not from HUD or FHA and it’s not been approved by HUD or a government agency.
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