What Homeowners Need to Know Before Applying
At Florida’s Best Reverse Mortgage Company, we often work with Florida homeowners who have placed their property in a trust, added remaindermen, or recorded a Lady Bird deed as part of estate planning. While these are smart legal tools, they can impact your reverse mortgage eligibility and how the loan is structured.

For many Florida seniors, a reverse mortgage can be a lifeline in retirement - offering access to tax-free cash, no monthly mortgage payments, and the ability to age in place. But before any funds are disbursed, borrowers must first go through a reverse mortgage financial assessment. This step helps ensure long-term success with the loan and prevents future financial hardship.

When it comes to reverse mortgages in Florida, understanding the role of non-borrowing spouses and non-occupying co-owners is crucial. These terms might sound technical, but they can have a major impact on your eligibility, your loan structure, and most importantly—your long-term security.

If you're a Florida homeowner exploring a reverse mortgage, you've likely come across the term Mortgage Insurance Premium, or MIP.