When it comes to your financial future, trust is paramount. That’s why we’re proud to introduce you to our trusted Reverse Mortgage solutions. We understand your desire for security in retirement, and we’re here to help you achieve it.
Welcome to Your Path towards Financial Freedom
Discover how a Reverse Mortgage can transform your retirement, providing security and peace of mind.
Retirees and soon-to-be-retired individuals...
- The Power of Reverse Mortgages
Explore how Reverse Mortgages can unlock your home’s equity without selling it, providing you with financial stability in retirement.
- Financial Peace of Mind
Discover how a Reverse Mortgage can provide you with a steady stream of income, so you can enjoy your retirement without worries.
- No Monthly Payments
Rest assured, with a Reverse Mortgage, you won’t be burdened by monthly mortgage payments. We’ll explain this hassle-free process.
- A Trusted Partner
Partnering with retirees like you is not just a job; it’s my passion. My team and I are wholeheartedly dedicated to securing your financial future, and your trust and financial well-being are at the forefront of our priorities.
- A Personalized Plan for You
Trust isn’t one-size-fits-all. We’ll work closely with you to tailor a Reverse Mortgage plan that aligns with your specific retirement goals. We will also explain all the pros and cons; and if a Reverse Mortgage is right for you.
Ready to take the first step toward a secure retirement?
Reach out by scheduling a conversation today. Let's start building your financial future together.
"After a lifetime of dedication and hard work, retirees deserve to enjoy a life of freedom and financial peace of mind."
-Julio Guerrero-
How Does it Work?
Eligibility: To qualify, you must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence.
Loan Types: Choose between a lump-sum payment, monthly payments, a line of credit, or a combination of these options.
No Monthly Payments : No monthly mortgage payments are required, unlike a traditional mortgage. But, you are still responsible for property taxes, homeowner’s insurance, and home maintenance to ensure the loan remains in good standing.
Loan Repayment: The loan is repaid when you move out of the home, sell it, or pass away. Your heirs have the option to repay the loan or sell the home to settle the debt.
Counseling: Before getting a Reverse Mortgage, you are required to attend a counseling session to ensure you fully understand the terms and implications.
Is a Reverse Mortgage Right for You?
A Reverse Mortgage may not be suitable for everyone. It’s crucial to consider your individual financial situation, future plans, and goals. I strongly advise speaking with a Reverse Mortgage professional who can assess your unique situation and help you make the best decision for your financial future.
Frequently Asked Questions
How much can I borrow?
The amount you can borrow depends on factors like your age, the value of your home, and current interest rates. Our experts can help you calculate an estimate.
Will I still own my home?
Yes, you retain ownership of your home. However, you must continue to meet the loan requirements, such as living in the home as your primary residence and, paying your property taxes, homeowners’ insurance and maintenance on the property.
What happens if I outlive the loan?
You can continue to live in your home as long as you meet the loan requirements, even if the loan balance exceeds the home’s value. The repayment is deferred until you move out, sell the home, or pass away.
How secure and what are the protections in a Reverse Mortgage?
- A Reverse Mortgages is a Non-Recourse Loan: In the event that the loan balance exceeds the home’s value, neither you nor your heirs are responsible for the shortfall. The lender cannot pursue other assets.
- Loan Repayment Flexibility: You can repay the loan at any time without prepayment penalties, and the repayment amount is limited to the home’s current value or the loan balance, whichever is less.
- Protects Against Home Value Decline: In a Reverse Mortgage, you won’t owe more than the home’s value, even if its value decreases at any time in the future .
Get Started Today
Take the first step towards securing your financial future and enjoying the retirement you deserve. We’re here to answer your questions and guide you through the process.
Julio Guerrero
Mortgage Loan Originator
Licensed in DE, FL and NY
4111 South Ocean Drive, #CU-5
Hollywood, FL 33019
Direct: (212) 502-3000
Mobile: (516) 642-6643 | Fax: (516) 587-6650
NMLS # 22862 | Branch NMLS #2246769
juliog@mortgagedepot.com
Mobile: (516) 642-6643 | Fax: (516) 587-6650
NMLS # 22862 | Branch NMLS #2246769
juliog@mortgagedepot.com
Hollywood NMLS# #2246769 | NMLS Consumer Access
Florida Office of Financial Regulation
