Secure Your Future with a Reverse Mortgage in Orlando, Florida with Angella Conrard
Angella Conrard, CRMP
Reverse Mortgage Advisor
NMLS #139966 | AZ: LO-1041735 | CA DRE #01422602
FL #LO82861 | WA #MLO139966
CO #100522498 | OR #139966
ID #MLO-2080139966 | TX #139966 | NM #2130474
(949) 439-7030
Retire in Comfort with a Reverse Mortgage in Orlando, Florida
Retirees in the Orlando, Florida, area can access jumbo and Home Equity Conversion Mortgage (HECM) reverse mortgages. Jumbo reverse mortgages are designed specifically for borrowers who need a larger loan amount than what is available with a traditional HECM. These loans are available to retirees as young as 55, making them an attractive option for individuals seeking to supplement their retirement income.
Jumbo reverse mortgages provide borrowers with flexible repayment terms, generally allowing them to repay the loan when they decide to sell the property or pass away. Jumbo loans also feature higher borrowing limits which can be important for borrowers who own properties valued near or over the current FHA lending limit of $1,149,825.00 in 2023.
Get the Best Deal on Reverse Mortgages with Angella Conrard, CRMP
In contrast, Home Equity Conversion Mortgages (HECMs) offer more protections and regulations than a jumbo loan. HECMs are insured by the Federal Housing Administration and have borrower protections such as non-recourse clauses, which protect the homeowner from owing more than the home's value at the time of repayment. While both types of loans offer advantages depending on your unique circumstances, it's essential to weigh all your options carefully before deciding which one is right for you. Contact Angella Conrard today at 949-439-7030 for more information on how jumbo and HECM reverse mortgage programs will fit your retirement needs in Orlando, Florida.
Experience the Best of Retirement in Orlando, Florida
Orlando, Florida, is an excellent place to retire, thanks to its warm climate and abundant outdoor activities. With year-round sunshine and easy access to the city and beach, retirees can enjoy a comfortable lifestyle in this popular retirement destination. Residents can access various cultural offerings, including world-class museums and art galleries, shopping centers, restaurants, movie theatres, and more. The city is also home to many parks offering plenty of options for outdoor recreation. Best of all, Orlando has some of the highest-ranked hospitals in the country – the perfect place to receive quality care during your retirement years.
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