Florida Reverse Mortgage payment options

Your payment options are:

• a lump sum
• monthly payments for the rest of your life
• line of credit
• or any combination of the above


You choose your payment options for your Florida Reverse Mortgage. The line of credit is the most popular. You can take the money whenever you want.

The money you get from Florida Reverse Mortgage is calculated using criteria that includes:
• Borrower's age
• Current interest rates
• Type of Reverse mortgage selected
• Appraised home value
• Property location