Reverse Mortgage Calculator Miami – STC Loans Mortgage Consultants in Florida and New Jersey

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If you’ve thought about taking a reverse mortgage, be aware that new rules might make it harder for you to qualify.. Often considered a loan of last resort for older retirees, reverse mortgages are there for homeowners who worry about outliving their savings.

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Florida Reverse Mortgage Companies Florida is among the top states in reverse mortgage origination. In fact, Miami topped the charts recently as the city with the most reverse mortgages. Even with the recent housing crisis, the boom that led up to the crash resulted in a lot of Florida seniors becoming house rich.

How do Reverse Mortgages Work? When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you.Reverse mortgages take part of the equity in your home and convert it into payments to you – a kind of advance payment on your home equity.

Continental Mortgage Corporation is a mortgage brokerage firm established in 2002 and located in Miami Beach, Florida. Their loan options include conventional loans, conforming loans, VA loans, jumbo mortgages, reverse mortgages, and USDA home loans. This mortgage lending company provides low mortgage rates and offers each client a free quote.

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