Home Buying in Palm Coast>Question Details

emtis, Home Buyer in Palm Coast, FL

Do you have reverse equity loans available on new homes in florida?

Asked by emtis, Palm Coast, FL Wed Mar 6, 2013

Help the community by answering this question:


I deal with a very competent mtg. broker.
Call me 386-503-9064
Tim Kennelly,Broker Associate @ Prudential East Coast Real Estate
0 votes Thank Flag Link Thu Mar 7, 2013
Reverse mortgage loans are available for any home, new or resale. The amount of the down payment percentage will be determined by your age. The older the person, less down payment it’s required. It usually works for buyers that sold their houses and have a good amount of cash or savings that want to invest on their primary residence and not have a mortgage payment any more. You will be responsible for property taxes and Homeowner Insurance.

Silvia Oliva
Realtor/ Mortgage Consultant
0 votes Thank Flag Link Wed Mar 6, 2013
Yes we do! Call me at 386-503-1896. I can hook you up with a reverse mortgage specialist and help you find a home.

Julie Whitehead
Realty Exchange, LLC
email: palmcoastjulie@aol.com
0 votes Thank Flag Link Wed Mar 6, 2013
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