Reach out and find out how we can help you take control of the most important parts of your life. The loan proceeds are tax-free; however it is always best to consult your tax or financial professional. Financial freedom that lets you live the retirement you desire, pay off medical bills, make home improvements, or just free up some extra cash. Sun Capital Mortgage is headquartered in Miami, FL.
We focus on providing excellent customer service based on decades of experience, while finding the best lending solutions. We offer reasonable and flexible terms. We provide a dedicated mortgage specialist to work with you from application to closing, to ensure a smooth transaction and excellent execution, while providing a loan that meets your specific needs, even for the most complicated borrowers and situations.
At Sun Capital Mortgage, Reverse Mortgage Loans are all we do! By specializing, we can help you secure the mortgage that's right for you from lenders approved by the Federal Housing Administration.
We focus on providing excellent customer service based on decades of experience, while finding the best lending solutions. We offer reasonable and flexible terms. We provide a dedicated mortgage specialist to work with you from application to closing, to ensure a smooth transaction and excellent execution, while providing a loan that meets your specific needs, even for the most complicated borrowers and situations.
At Sun Capital Mortgage, Reverse Mortgage Loans are all we do! By specializing, we can help you secure the mortgage that's right for you from lenders approved by the Federal Housing Administration.
Services
Sun Capital Mortgage is committed to providing customers with an exclusive financing service that is, not only competitively priced, but focused on offering customers with an unparalleled level of service.
Our experienced representatives will help guide you through every step of the process to ensure you are making the right decisions specific to your long and short term financial goals, at the a low overall cost.
We are dedicated to providing you with top customer service and assistance in finding options that meet your home buying needs.
Our experienced representatives will help guide you through every step of the process to ensure you are making the right decisions specific to your long and short term financial goals, at the a low overall cost.
We are dedicated to providing you with top customer service and assistance in finding options that meet your home buying needs.
A Reverse Mortgage Loan may provide the financial freedom that lets you live the retirement you desire, pay off medical bills, make home improvements, or just free up some extra cash.
Weighing the advantages and risks is important before any major decision, so we have highlighted the potential pros and cons of a reverse mortgage loan.
According to HUD, many homeowners ages 62 and older with sufficient equity in their homes may be eligible for a Home Equity Conversion Mortgage (HECM) or more commonly known as a reverse mortgage loan.
Weighing the advantages and risks is important before any major decision, so we have highlighted the potential pros and cons of a reverse mortgage loan.
According to HUD, many homeowners ages 62 and older with sufficient equity in their homes may be eligible for a Home Equity Conversion Mortgage (HECM) or more commonly known as a reverse mortgage loan.
The reverse mortgage is exactly that - a mortgage.
A mortgage is a recorded security instrument that describes and secures real property as collateral for a cash advance or loan.
A mortgage is recorded at the county courthouse record room and secures the Lenders rights for the collateral used in securing the loan.
The DEED is something different the deed establishes an ownership chain of title to the property.
Deeds exchange hands in a purchase and sale transaction from Seller to Buyer.
Since a reverse mortgage is NOT a sale, there is no deed transfer to the Lender or the government.
A mortgage is a recorded security instrument that describes and secures real property as collateral for a cash advance or loan.
A mortgage is recorded at the county courthouse record room and secures the Lenders rights for the collateral used in securing the loan.
The DEED is something different the deed establishes an ownership chain of title to the property.
Deeds exchange hands in a purchase and sale transaction from Seller to Buyer.
Since a reverse mortgage is NOT a sale, there is no deed transfer to the Lender or the government.
A Reverse Mortgage is a loan for home owners 62 years and older, insured by FHA (Federal Housing Administration).
It allows you to convert part of the equity in your property into cash to use any way you want.
Pay your property taxes and home owner insurance (and flood insurance, if in a flood zone), keep it in good condition and use it as your principal residence.
The Reverse Mortgage underwriting is NOT credit score driven.
If a borrower has credit difficulties, often a good lender will accept a letter of explanation.
It allows you to convert part of the equity in your property into cash to use any way you want.
Pay your property taxes and home owner insurance (and flood insurance, if in a flood zone), keep it in good condition and use it as your principal residence.
The Reverse Mortgage underwriting is NOT credit score driven.
If a borrower has credit difficulties, often a good lender will accept a letter of explanation.
Much like a traditional mortgage, a reverse mortgage does have fees associated with securing it.
The following is a list explaining common fees you may have to pay when getting your reverse mortgage.
Origination Fee - The origination fee covers the lenders operating expenses associated with making the reverse mortgage.
This can include things like overhead, marketing and title searches.
Appraisal Fees - Before a reverse mortgage loan can be approved an appraiser will come to your home and inspect it.
The following is a list explaining common fees you may have to pay when getting your reverse mortgage.
Origination Fee - The origination fee covers the lenders operating expenses associated with making the reverse mortgage.
This can include things like overhead, marketing and title searches.
Appraisal Fees - Before a reverse mortgage loan can be approved an appraiser will come to your home and inspect it.
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