We offer the prospect of using the proceeds of a Reverse Mortgage to finance a vacation home in Florida. The thought that accessing the equity in your primary residence was to supplement a dwindling income is only one of the benefits of a Reverse Mortgage. Think again! Consider the facts:
Important facts about reverse mortgages:
You own your home – not the bank.
You never make another mortgage payment while you live in the home
You can refinance or sell whenever you want – with no penalty.
The money you receive is tax-free
You can use the money you get any way you wish
Perhaps the idea to own vacation property has been shelved because of economic reverses. Well, take the idea off the table and start thinking beach this coming winter.
June Vincente® Licensed Real Estate Broker FLORIDIAN LIFESTYLES INC. 8540 W. State Road 84 Davie, Florida 33324-4548 Telephone: 772 342-7999 Fax: 561 200-0973 e-mail: firstname.lastname@example.org