GREAT NEWS FOR FLORIDA'S SENIOR HOME BUYERS! 
   


 

 

 

Dear Florida Senior Homebuyers:

NOW, HomeBuyers 55 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*


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
 
HECM CMT
 

$300,000
 
HECM CMT
 

$500,000
 
HECM CMT
 

$700,000
 
HECM CMT
 

$1,000,000
 
Equity Elite Zero

$3,000,000
 
Equity Elite Zero

Monthly
 P & I Payment

 

Age

Cash Required To Close  (Including Closing Costs)*

 

$0.00

 

62

$115,731

$170,856

$280,022

$388,277

$519,126

$1,599,135

 

70
 

$105,647

$155,772

$255,022

$353,272

$422,678

$1,396,465

 


Note: if you 70 years old Buyer have:

 1) $700,000 to buy All Cash, you could buy a $1,000,000 home with 
$422,678
2)  $500,000 to buy All Cash, you could buy a $700,000 home with $353,272

3) $200,000 to buy All Cash, you could buy a $300,000 home with $155,772

INCLUDING Closing Costs!  Do your Real Estate Math!

*     Equity Elite Reverse Mortgage Minimum Age is 55 years. Estimates Based  on  age of youngest  buyer-borrower, at  HECM: CMT Expected Annual Adjusstable Rate of 3,120%,  or Equity Elite: ZERO Fixed Annual Rate 7.115%  7.335% APR.* Lesser of Purchase Price or Appraised Value or FHA Lending Limit of $822,375 for 2021. Or Equity Elite Maximum Loan Amount of $4,000,000. 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.    Sept 2021


 

Call me for more information at 786-262-6486 or email me Request Purchase Estimate by email 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