Reverse Mortgage Options in Polk County, FL

Pablo Llavona and Jose Aponte at FLO Mortgage help eligible homeowners across Polk County explore reverse mortgage solutions designed for borrowers age 62 and older. A reverse mortgage, also known as a HECM loan, allows qualified homeowners to access a portion of their home equity while continuing to live in their property.

1️⃣ What Is a Reverse Mortgage?

A reverse mortgage is a loan that allows homeowners 62 or older to convert a portion of their home equity into cash. Unlike a traditional mortgage, payments are not required monthly. Instead, the loan is repaid when the homeowner sells the home, moves out, or passes away.

The most common reverse mortgage program is the Home Equity Conversion Mortgage (HECM), which is federally insured.

2️⃣ Who Qualifies for a Reverse Mortgage?

Typical eligibility includes:

• Age 62 or older
• Primary residence in Polk County
• Sufficient home equity
• Ability to maintain property taxes and insurance

Each homeowner’s situation is unique, which is why consultation is important.

3️⃣ Benefits of a Reverse Mortgage

• Access tax-free home equity
• No required monthly mortgage payments
• Remain in your home
• Flexible payout options (lump sum, monthly payments, line of credit)
• Non-recourse loan protection

4️⃣ How Reverse Mortgages Work

With a reverse mortgage:

• You continue to own your home
• You must pay property taxes, insurance, and maintenance
• The loan balance increases over time
• The loan is repaid when the home is sold

It’s important to understand both benefits and responsibilities before moving forward.

5️⃣ Reverse Mortgage vs Traditional Refinance

For some homeowners, a refinance may be a better option depending on goals and equity position.

6️⃣ Work With a Local Polk County Mortgage Broker

Unlike big banks, FLO Mortgage works with multiple lending partners to structure competitive FHA financing solutions.

• Fast pre-approvals
• Clear communication
• Personalized guidance
• Local market expertise

If you are 62 or older and would like to explore whether a reverse mortgage makes sense, contact Pablo Llavona or Jose Aponte today.

📞 407-694-7191

Contact Info

Address:

41040 US Highway 27 Suite 1

Davenport, FL 33837

Call: (407) 605 3111

Email: [email protected]

NMLS: 194920 Corp NMLS: 1835856

With over 30 years combined experience in the mortgage and real estate industries

The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.Applicants should not assume that any debt will be eliminated by refinancing or paying on balances since the debts are consolidated into a new loan. Reduction in payments may reflect longer loan terms and your total finance charges may be higher over the life of the loan. The actual amount of savings may vary.These products may have a higher interest rate, more points or more fees than other products requiring documentation

FLO Mortgage is not affiliated with an agency of the federal government, HUD or FHA. THIS IS NOT A GOVERNMENT DOCUMENT. HUD OR FHA did not distribute or approve this material.

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