GREAT NEWS FOR FLORIDA'S SENIOR HOME BUYERS! 
   

 

 

 

Dear Florida Senior Homebuyers:

NOW, HomeBuyers 60 years of age or older can PURCHASE a
House or CONDO in Florida up to a maximum Loan Amount of  
$4,000,000 with
Reverse Mortgage Financing.

Both FHA and Proprietary  Reverse Mortgages Available.
Owner Occupied Properties: 1-4 families Residences, Townhouses, and NOW CONDOS from


Borrowers DO NOT make any Principal & Interest payments after closing,  as long as one of them lives it as primary residence, pay taxes, insurance, any property charges.

Examples -  Based On Age of Youngest Buyer:

Purchase Price*

$200,000

$300,000

$500,000

$800,000

$1,000,000
Equity Elite

$3,000,000
Equity Elite

Monthly
P & I Payment

Age

Cash Required To Close (Including Closing Costs)*

$0.00

62

$118,135

$174,085

$284,985

$478,439

$592,516

$1,777,298

70

$107,935

$158,785

$259,485

$442,296

$525,077

$1,574,980

Please Note: if your 70 years old Buyer has:
1) $700,000 to buy All Cash, Buyer could buy a $1,000,000 home with $525,077

2) $600,000 to buy All Cash, Buyer could buy a $800,000 home with $442,296

3) $200,000 to buy All Cash, Buyer could buy a $300,000 home with $158,785

INCLUDING Closing Costs! Do your Real Estate Math!

*Estimates Based on age of youngest buyer-borrower, at HECM: Expected Annual Adjusstable Rate of 3.700%, 5.044% to 5.293% APR or Equity Elite: Fixed Annual Rate 7.25% ,7.528% to 7.539% APR.* Lesser of Purchase Price or Appraised Value or FHA Lending Limit of $765,600 for 2020. Or Equity Elite Maximum Loan Amount of $3,000,000. Subject to Financial Assessment and other conditions. Pre-Paids not included in Closing Costs. Equity Elite Condo Proceeds Lower than SFR (shown here), Condos Project approval by Equity Elite Lender reqiured. Individual Condo Units approval by FHA required. Subject to errors and omissions and Interest and Program changes without prior notice. 12/16/2019


 

Call me for more information at 786-262-6486 or email me Request Purchase Estimate by email or eFax at 786-345-0783 or use the form provided at the bottom of the page

Act today! Do not pass up the opportunity to buy without having to make monthly payments. Call me today!


 

PS: As a Loan Originator, a Senior and having a Reverse Mortgage on my own home, I can assure you that it can be a blessing for many Seniors.


Send this link to your REALTOR to learn more about the Program!
http://www.HappySeniorHomeOwners.com/REALTORSREVERSE

*  View a Reverse Mortgage Home Purchase Presentation  

 

 

Reverse Mortgage Home Purchase Estimate Request

If you are Realtor for a Senior Buyer please fill only the Last Name of your customer as identifier. Any contact will be through you. Please include as much requested information as possible. Estimates will be more accurate when Dates of Birth are provided. If you prefer you can print the form and fax it to 786-345-0783 or email it to RodKohly@gmail.com View Privacy Policy: http://HappySeniorHomeOwners.com/PrivacyPolicy

HECM PURCHASE ESTIMATE Request Information Form

Great Florida Lending, Inc

2828 Coral Way, Ste. 470
Miami, FL 33145