Home-equity options for eligible homeowners age 62 and older
FHA-insured Home Equity Conversion Mortgages may allow eligible older homeowners to access a portion of home equity while retaining title, subject to counseling, occupancy and financial-assessment requirements.
- Age and property eligibility
- HUD-approved counseling required
- Taxes and insurance must remain current
- Loan balance becomes due after a maturity event
Local guidance: Banczone Mortgage reviews eligible scenarios throughout Kissimmee, Orlando, Celebration, Saint Cloud, Lake Nona, Hunters Creek, Davenport and surrounding Central Florida communities.
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