| Welcome to the Home page of reverse mortgages of Florida! Reverse Mortgages of Florida offers a United States
Department of Housing and Urban Development program
providing tax-free money* to homeowners 62 and older.
The amount available to you ranges from approximately 55% to 85% of your
home's value (the older you are, the more you are eligible to receive)
and you make no
monthly payments.
If you have a mortgage or home equity loan, we must pay it off prior to making any funds available to you. The money can be used any way you see fit:  To pay off property taxes, school taxes, sewer and water bills, etc.
To eliminate monthly payments by paying off existing mortgages, loans, credit cards, etc. As a line of credit that grows by 3% to 9% per year. To pay for home improvements or auto repairs or to purchase a more dependable
automobile. To pay for unexpected medical bills and prescription drugs. To take a vacation or purchase a vacation home, travel trailer, or motor home. To invest or to avoid removing the principal from your existing investments.
There are no limitations on how
or when you use the money!
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