Shop for the best reverse mortgage deals in Florida
Meet Thomas Jackson
Thomas Jackson and Sunshine State Mortgage are one of Florida’s leading teams to consult if you are in the market for a reverse mortgage, whether you live in Jacksonville, Orlando, Tampa, Miami, or anywhere in between.
Tom is a founding partner of Sunshine State Mortgage with vast knowledge in the ever-changing mortgage industry, forged on more than 20 years of experience.
In recent times, Tom has specialized in reverse mortgages, helping many Florida seniors enjoy what he calls “peace of mind” in knowing their financial future is secure.
Tom is a real gentleman and has a long history of helping people obtain and remain in their dream home, having developed a solid reputation for honesty and integrity.
Whether you’re buying or refinancing, Tom will explain all of your options with great patience and attention to detail, ensuring you make the best decision for you.
What is a reverse mortgage?
A reverse mortgage is one of the absolute gems of the loan market because it changes people’s lives for the better.
It does this by allowing homeowners to tap into the equity they have in their homes.
This means retirees who are asset-rich but cash-poor can forget about having to sell up and instead remain in their family home with financial comfort.
The only proviso is that you have to be 62 years or older to apply for this loan.
Homeowners can then access cash in several different ways including a lump sum payment, regular installments, or a line of credit.
The real power of a reverse mortgage is that as long the terms of the loan are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
It means the days of scrimping for every penny are over.
The cost of housing continues to soar across the country and Florida prices have lept more than 29 percent over the last 12 months to an average of $356,349. (https://www.zillow.com/fl/home-values/)
Floridians are taking advantage of this great product in droves. More than 13,000 have one across the big four cities alone, with north of 750 of them coming on board in the last 12 months.
Spanish explorer Juan Ponce de León was the first known European to set foot in the state in 1513.
He was immediately taken by its abundance of greenery, calling it “La Florida”, meaning “rich in flowers”.
The area became the first in the U.S. to be permanently settled by Europeans with the Spanish colony of St Augustine founded in 1565.
The state was the battleground for many conflicts between Spain and Great Britain before it was ceded to the U.S. in 1819.
Tallahassee became the capital in 1824, due largely to its location between St Augustine and Pensacola, which were the two state’s two largest cities.
Florida became the 27th state in 1845 but seceded from the Union in 1861, becoming one of the original seven Confederate States, before rejoining the Union in 1868.
Enormous growth followed in the mid-20th century. Tourism, agriculture, and real estate propelling its $1 trillion economy, the fourth largest in the country.
Florida typically attracts in excess of 125 million visitors a year, drawn to the unique Everglades National Park, the Kennedy Space Center, and the fun and wonder of Walt Disney World and Universal Studios.
Contact your Florida reverse mortgage lender today
Thomas Jackson and his team at Sunshine State Mortgage would love to help you reap all the benefits reverse mortgages have to offer.
If you’re keen to learn more, please call Tom at (754) 227-6890.
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