Florida Reverse Mortgage Information

Florida Reverse Mortgage Information

Unlock Your Home's Equity: Florida Reverse Mortgage

Welcome to Mutual of Omaha Reverse Mortgage, your reliable source for reverse mortgage information in Florida. If you're a homeowner aged 62 or older (55 in some states), and live in Miami, Tampa, Jacksonville, Orlando, Fort Myers, or anywhere in the Sunshine State, I can answer all your questions and provide you with the details you are looking for to make an informed decision. Discover how you can leverage your home equity to achieve financial security and peace of mind in retirement.

Why Choose a Reverse Mortgage in Florida?

Florida is renowned for its beautiful beaches, warm climate, and vibrant communities, making it a popular destination for retirees. With a reverse mortgage, Florida homeowners can access their home equity without the need to make monthly mortgage payments, providing flexibility to enjoy retirement on your terms.

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Your Trusted Resource for Reverse Mortgages in Florida

I am committed to providing Florida homeowners with the information and resources they need to make informed and educated decisions about reverse mortgages. I can guide you through the reverse mortgage process with expertise and professionalism.

Don't let your home equity go untapped—discover the possibilities of a Florida reverse mortgage today. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a home, or fund home improvements, a reverse mortgage could be the key to unlocking the equity in your home and securing your financial future.

Ready to Take the Next Step?

Unlock the potential of your home equity with a reverse mortgage from Mutual of Omaha Reverse Mortgage. Contact me today at 815-703-4745 to schedule a free no obligation consultation and learn more about how a reverse mortgage can help you achieve your financial goals in retirement. Your financial future starts here.

Contact me today to get started!

Verified Reviews

(197)

Helpful & Professional I appreciate how helpful and how professional my needs were met. The process was carried out in a timely manner, and when I needed to question anything, I was answered promptly. I am extremely pleased, thank you Larry, I would recommend you to anyone who is in need of this service. .

Stephanie J — Mar 7, 2023

Nervous in the Beginning Larry was very knowledgeable about the processing of the reverse mortgage. He answered all my questions in a way that I could understand each step of the process. I was nervous in the beginning but with Larry helping me step by step in understanding the process, I became very much at ease. I would be more than happy to recommend others who would want to do a reverse mortgage. Again, thank you Larry.  

Dorthie A — Feb 6, 2017

Great Service Larry McAnarney was great to work with. The whole process was fast and easy to understand. I had to assist my mother with this process due to my father's ailing health. I know that my dad would be very happy with the choices we made and the service that was provided to us by Larry.

Amy D — Jan 29, 2014

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Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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The specific amount depends on several factors, including:

  • Your…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…

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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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Below are just a few of the Florida cities and counties where you can obtain a reverse mortgage.