Own a High Value Property?
Jumbo Reverse Mortgage Loans up to $6 Million+!
For those with properties of higher value that may be limited by a traditional HECM, Jumbo Reverse Mortgages are now available, with loan amounts available in excess of $6 Million+. What’s more, these Jumbo Reverse Mortgage loans are available to those 55 and up, lowering the entry barrier by 7 years. In addition, Jumbo Reverse Mortgages have no monthly MIP or upfront mortgage insurance premiums, and can be custom priced based on the borrower’s wishes, making this a terrific vehicle for leveraging a high-worth primary residence and accessing larger amounts of tax-free cash, all without a monthly mortgage payment! For residents of Florida, this could mean exploring opportunities with a Florida reverse mortgage to maximize your financial flexibility.