Josh Blum and Mutual of Omaha Mortgage make up an outstanding team in Fort Lauderdale, if you’re considering a reverse mortgage, from Hollywood to Weston, through Coral Springs and up to Deerfield Beach and right throughout Broward County.
Josh is in the business of helping retirees get the most out of their sunset years because he firmly believes retirement is priceless.
Retirees, he says, have a right to a secure and enjoyable retirement … we only get one!
Sadly, many people have given up on the idea they can have the retirement they had always dreamed of, and it’s heartbreaking to see because it is sitting right under their noses for so many.
Josh has more than 15 years of experience solving problems for retirees and their trusted advisors. He does his utmost to provide white-glove service to every individual and family he works with.
He lives with his family in South Florida and has grown to love and appreciate his community since arriving in 2018.
He enjoys spending time with friends and family and traveling throughout the country in his free time.
What is a reverse mortgage?
A reverse mortgage is a jaw-dropping loan product that could flip your life in a heartbeat.
If you are a retired homeowner struggling for cash to pay your bills or simply want to free up some finance, this may be the solution!
This ingenious loan allows retirees to access the equity they have built up in their homes, reversing mortgage payments back into their bank accounts and restoring their financial freedom, independence, confidence, and peace of mind.
It is available to anyone who is 62 years of age.
In an instant, you can stop worrying about having to sell your home and start enjoying life again.
There are many different ways to make funds available, including a lump sum payment, monthly installments, or a line of credit.
The real strength of a reverse mortgage is that as long as the loan terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
Housing prices are skyrocketing all over the country and Fort Lauderdale is at the forefront of the spoils, increasing 27.7% percent over the last 12 months. (https://learn.roofstock.com/blog/south-florida-real-estate-market)
Fort Lauderdale residents are taking up reverse mortgages in droves. There are thousands of reverse mortgages already in Fort Lauderdale!.
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in Fort Lauderdale and other surrounding communities.
4,420 people in or within 10 miles of Fort Lauderdale already have a reverse mortgage and are familiar with the loan benefits. In just the last 12 months, 201 more homeowners took out a federally-insured reverse mortgage.
In 2021 the median home value in Fort Lauderdale was $436,665. Many homeowner in Fort Lauderdale may consider a jumbo reverse mortgage for properties over $970,800. Jumbo reverse mortgages provide significantly more proceeds for eligible homeowners with higher valued properties. $970,800 is the current maximum lending limit for FHA - insured reverse mortgages in 2022.
Contact your Fort Lauderdale and Broward County Florida reverse mortgage lender today.
Josh Blum and his team at Mutual of Omaha Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
Call Josh today at (754) 247-1168 to learn more or complete the steps here to get your free quote.
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