The Crossings Florida Reverse Mortgage

Your The Crossings Reverse Mortgage Guide

Welcome to The Crossings

As a homeowner in The Crossings, you have worked hard to build equity in your home. Now, that equity can work for you in your retirement years with a reverse mortgage home loan. This type of loan allows you to tap into the equity you have built up in your home without the obligation to make monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial stability and peace of mind, allowing you to enjoy your retirement and age in place in the comfort of your own home.

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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The Crossings 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

The Crossings Florida Frequently Asked Questions

How does a Reverse Mortgage work in The Crossings Florida?

A reverse mortgage in The Crossings, 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 The Crossings, 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 The Crossings?

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 The Crossings?

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 The Crossings Florida

Welcome to The Crossings, Florida! This vibrant city is home to over 10,000 people and is growing every day. The Crossings was founded in the late 1800s and has a rich history of being a close-knit community.

The Crossings is a great place to visit if you’re looking for a fun and relaxing getaway. There are plenty of activities to keep you busy, from the local parks and community centers to the local schools. You can take a stroll through the historic downtown area and explore the unique shops and restaurants.

If you’re looking for a little adventure, you can take a hike through the nearby nature trails or take a dip in the local swimming hole. The Crossings is also home to some of the best fishing spots in the area.

No matter what you’re looking for, The Crossings has something for everyone. Come and experience the charm of this small town and make some memories that will last a lifetime.

Things To Do In The Crossings

Top Sights in The Crossings, FL


United Realty Group, Inc

La Rosa Realty Kendall

Southwest 123rd Court

Southwest 114th Terrace

Modern World Realty

Clarice Almeida, Realtor - Keller Williams Realty Premier Properties

Realty World Executive Homes

Southwest 132nd Place

Southwest 107th Street

Southwest 122nd Court

Southwest 129th Court

Southwest 97th Street

Southwest 123rd Avenue

Southwest 133rd Court

Southwest 125th Avenue

RE/MAX Advance Realty II

DecoNova International Group

Southwest 110th Street Circle South

Chez Realty

Southwest 135th Court

Southwest 88th Terrace

Southwest 93rd Terrace

Southwest 134th Place

GOLDPEN REALTY GROUP

K&A Realty

LUXE Properties

Southwest 102nd Lane

Southwest 110th South Canal Street Road

Southwest 102nd Terrace

Southwest 104th Terrace

Southwest 99th Street

Southwest 132nd Place

Southwest 94th Lane

Southwest 133rd Place

Miami Trust Realty Inc

Southwest 94th Terrace

Southwest 90th Terrace

Southwest 124th Court

West Calusa Club Drive

Southwest 88th Terrace South

Southwest 94th Street

Southwest 112th Terrace

Southwest 125th Place

Southwest 114th Lane

Southwest 91st Terrace

Southwest 132nd Court West

Super Wheels Skating Center

Devon Aire Park

Zoo Miami

Avanti Way Realty

Our Lady of Lourdes Catholic Church

RE/MAX Presidential Pembroke Pines Real Estate Company

Valencia Team - Keller Williams Capital Realty

Income Realty Corporation

Camp Matecumbe

Berkshire Hathaway HomeServices EWM Realty

Dream Life Realty

Kendale Lakes Park

Kings Meadow Park

By Brothers

RE/MAX 360 Real Estate

Sabal Chase Park

Norka Realty Inc

Rock Ridge Park

The Nayor Group Real Estate LLC

Larry and Penny Thompson Memorial Park and Campground

Elite Realty Partners, Inc.

Lago Mar Park

Eagles Air Tours

Pine Shore Pineland Preserve

Gold Coast Railroad Museum

Colonial Drive Park

RE/MAX Unique Realty

ZWF Miami

Homesimple Real Estate Solutions

Wings Over Miami Museum

Amazon & Beyond

Eden Lakes Park

Miami Military Museum

XPLOR ATV Tours - Miami

Wings of Asia Aviary

Miami MoCAAD

Rivas Realty of Florida Inc

Real Property Management Miami

Capital Int'l Realty LLC

AJF Properties

Street Names in The Crossings, FL

Canal Rd Sw 110th Stcr N Sw 110th Stcr S Sw 123rd Rd Pl Sw Killian Dr

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 The Crossings

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 The Crossings. 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 – The Crossings

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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.