Reverse mortgages are helping older Americans across the country achieve financial security!

And enjoy their retirement years to the fullest.

    Imagine having the income you need to remain living comfortably in your home in retirement-and at the same time make much needed repairs or renovations, afford quality home healthcare, or even vacation with family and friends.  Nearly 50,000 older Americans have done that thanks to the reverse mortgage, a unique financial product that gives older Americans the freedom and peace of mind to fully enjoy the retirement years.

    A reverse mortgage is a loan that allows seniors to use the equity they've accumulated in their homes over the years to improve their quality of life and knock down the financial barriers to independent living.  By converting equity into income, a reverse mortgage is a way to stay in your home and receive cash to use for any purpose whether it's day to day living expenses, home remodeling or repair, paying off exisiting debt, earning a college degree, or traveling the world.  Best of all, you retain ownership and title.

    Homeowners who are at least 62 years of age can qualify and may be eligible even if there is an existing first or second mortgage.  There are no medical or income requirements.  The size of the reverse mortgage granted depends upon the applicants age, the type of reverse mortgage sought, the home's value, and interest rates.

    For as long as a reverse mortgage is outstanding, no payments are due.  The loan matures when the borrower no longer occupies the home as a primary residence.  This typically occurs upon the sale of the home, or if the owner permanently moves or passes away.

Currently there are three reverse mortgage products available:

The government-insures HUD/FHA Home Equity Conversion Mortgage Program (HECM), the Home Keeper product by Fannie Mae, and a Non-Government program designed specifically for increased benefits on higher valued property.

    Reverse mortgages are a big part of our commitment to helping even more people meet the challenges that make staying in their homes and living independently a dream come true.

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Circle Mortgage Corporation -

 CORPORATE OFFICE

6600 TAFT STREET, 4TH FLOOR

HOLLYWOOD, FLORIDA  33024

 (800) 576-1338 Toll Free     (954) 981-6800 Broward

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