Miami Reverse Mortgage

A reverse mortgage might be the financial solution you’ve been looking for. Unlock the equity in your home and gain the flexibility and peace of mind you deserve. Contact us today to see if a reverse mortgage is the right fit for you! NMLS 1271432

Reverse mortgages can serve as more than just a lifeline for homeowners needing cash flow—they’re often leveraged as a strategic tool in retirement planning. They can help supplement income, establish a growing line of credit, pay off an existing mortgage to eliminate monthly payments, or cover unexpected expenses, all while supporting more effective overall asset management. Want to learn more about reverse mortgages and your choices? Contact us today for a FREE consultation!

Your heirs can inherit the property, but they’ll need to settle the reverse mortgage balance to keep the home or access any remaining equity. Here’s how they can do it:

1. Refinance the loan and pay off the reverse mortgage
2. Sell the home – pay off the loan at closing and keep any remaining equity
3. Pay the balance with personal funds

Your heirs have options and flexibility.

Want to learn more about reverse mortgages and your choices? Contact us today for a FREE consultation!

A reverse mortgage becomes due when the last borrower passes away, sells the home, or no longer lives in it as their primary residence. It may also need to be repaid if the borrower fails to meet key obligations—such as paying property taxes, maintaining homeowner’s insurance, keeping the home in good condition, or following the terms of the loan agreement. Have questions about how reverse mortgages work or if it’s the right fit for you or a loved one? Drop a comment or send a message—We're here to help!

FEMBi Mortgage is proud to support our local heroes. The Hometown Heroes program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. Heroes will receive down payment and closing cost assistance!😎 Give us a call at 305.467.6813 to learn more and find out if you qualify.

The amount that can be borrowed through a standard home loan has been raised to $647K for 2022, and even more in certain high cost areas. That means you may have more flexibility and possibly get lower rates to purchase or refi in a higher price range than before. Check out the link to find the limit for your county. Questions? Please comment below or reach out through your preferred channel.

Conforming Loan Limits See the conforming mortgage loan limits for your county.

Can you think of other ways to spend your rent money? How about on a home purchase instead? Here's an easy calculator to show you how much home you may be able to purchase for a payment that’s comparable to what you’re paying now. And remember, when you pay toward a home purchase each month, you're building equity and advantages for yourself instead of a landlord. Comment below or reach out over your preferred channel if you have questions.

Rent to Mortgage Calculator How much home might your rent payment buy?

With stimulus and tax refunds hitting bank accounts, now's a great time to talk about a new home. The extra cash can help toward a down payment, help you qualify for a higher priced home (I can explain how), or satisfy cash reserve requirements for your purchase. Some loan programs offer low or no down payments, so you may be closer to your new home than you thought. When you're ready, let's look at your particular scenario and see the options available to you!

It’s always great to meet previous clients! Congrats on your new home Maria and Sebastian.