Pinecrest Florida Reverse Mortgage

Your Pinecrest Reverse Mortgage Guide

Welcome to Pinecrest

If you are a Pinecrest homeowner aged 62 or older, you may be eligible for a reverse mortgage loan. This type of loan allows you to access your home’s equity without making monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial support and security for seniors in Pinecrest, allowing them to age in place and enjoy the comfort and familiarity of their own homes. Don’t let your hard-earned equity go to waste – consider a reverse mortgage loan and see how it can benefit you and your family in retirement.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

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Pinecrest Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227
https://www.clearpoint.org/

Money Management International
(877) 908-2227
https://www.moneymanagement.org/

Credit.org
(800) 947-3752
https://www.homeownership.org/

National Foundation for Credit Counseling
(866) 698-6322
https://www.nfcc.org/

Greenpath
(888) 860-4167
https://www.greenpath.com/

Navicore
(866) 855-7736
https://navicoresolutions.org/

Guidewell Financial Solutions
(800) 882-6171
https://www.guidewellfs.org/

NeighborWorks America
(202) 760-4000
https://www.neighborworks.org/

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467
https://hopeforseniorsstl.org/

Florida Counseling Agencies

Pinecrest Florida Frequently Asked Questions

How does a Reverse Mortgage work in Pinecrest Florida?

A reverse mortgage in Pinecrest, Florida, works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Pinecrest, Florida, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Pinecrest?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Pinecrest?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Pinecrest Florida

Welcome to Pinecrest, Florida! This vibrant city is a hidden gem nestled in the heart of Miami-Dade County. With a population of just over 19,000, Pinecrest is a tight-knit community that is full of life and culture.

Pinecrest has a rich history that dates back to the early 1900s. The city was originally founded by a group of settlers who were looking to escape the hustle and bustle of Miami. Over the years, Pinecrest has grown and evolved into the thriving city it is today.

When visiting Pinecrest, you will find plenty of activities to keep you busy. From the Pinecrest Gardens to the Deering Estate, there is something for everyone. The city also has several community centers and parks that are perfect for a day of fun in the sun.

For those looking for a little education, Pinecrest is home to several schools, including Palmetto Elementary, Palmetto Middle, and Palmetto Senior High. All of these schools offer a wide range of educational opportunities for students of all ages.

So, if you’re looking for a place to relax and unwind, or if you’re looking for a place to explore and learn, Pinecrest is the perfect destination. Come and experience all that Pinecrest has to offer!

Things To Do In Pinecrest

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Top Sights in Pinecrest, FL


Southwest 81st Avenue

Southwest 68th Avenue

Southwest 69th Court

Southwest 59th Avenue

Southwest 74th Court

Pinecrest Gardens

Southwest 72nd Court

Southwest 129th Street

Southwest 91st Street

Southwest 78th Court

Southwest 77th Avenue

Fairchild Tropical Botanic Garden

Southwest 105th Terrace

Southwest 132nd Street

Southwest 78th Avenue

Southwest 58th Avenue

Southwest 68th Court

Southwest 72nd Court

East Suburban Drive

Southwest 73rd Avenue

Southwest 102nd Street

Southwest 134th Drive

Chapman Field Drive

Southwest 83rd Court

Southwest 122nd Street

Evelyn Greer Park

Zoo Miami

Southwest 136th Street

Southwest 105th Street

Southwest 73rd Court

Southwest 69th Avenue

Southwest 67th Avenue

Southwest 64th Court

Southwest 106th Street

Southwest 58th Court

Suniland Park

Southwest 128th Street

Coral Pine Park

Tropical Park

Dante Fascell Park

Montgomery Botanical Center

Southwest 82nd Avenue

Coral Reef Park

Dante Fascell Park Tennis

Flagler Grove Park

Southwest 100th Street

North Kendall Drive

Veterans Wayside Park

Continental Park

Southwest 72nd Avenue

Southwest 60th Avenue

Chapman Field Park

Southwest 60th Court

Fuchs Park

Coral Bay Park

Wings of the Tropics Butterfly Conservatory

Larry and Penny Thompson Memorial Park and Campground

Snapper Creek

A.D.(Doug) Barnes Park

Briar Bay Park

Bird Bowl Bowling Center

Tropical Audubon Society

Southwest 88th Street

Pawcrest Park

South Miami Dog Park

Gold Coast Railroad Museum

Hammock Lake

Colonial Drive Park

The NightGarden Miami

Blue Lakes Park

Cooper Park

Deerwood Bonita Lakes Park

Super Wheels Skating Center

Amazon & Beyond

Devon Aire Park

Miami EcoAdventures

Coral Gables Wayside Park

Quail Roost Park

Eureka Park

Miami Military Museum

Schenley Park

Biscayne Bay Aquatic Preserve

Wings of Asia Aviary

Brothers to the Rescue Memorial Park

Gary Matzner Park

Haunted circus carnival miami

Street Names in Pinecrest, FL

Bearcreek Rd E Suburban Dr Glenwood Rd Pine Crest Rd River Oaks Ln Smathers Cir
Suniland Pl Sw 68th Avenue Rd Sw 69th Avenue Rd Tropical Way

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders near Pinecrest

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Pinecrest. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Pinecrest

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REVERSE MORTGAGE RESOURCE CENTER ~lIVE lIFE ON yOUR tERMS~


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.