Refinance A Reverse Mortgage In Florida For Heirs

Refinance Reverse Mortgage In Florida To Pay off Estate

Yes, the family has options when it comes to refinancing a Florida estate before probate is complete. Our Florida hard money lenders are able to provide cash-out to refinance reverse mortgages in Florida for the heirs. A reverse mortgage refinance is a financing tool often used by heirs who wish to maintain ownership of a Florida home that currently has a reverse mortgage on a Florida home they have inherited. The title of the property may be in the name of an estate and going through probate or be owned by a trust. Refinancing a reverse mortgage through a conventional lender, such as a bank or credit union, is generally not possible as conventional lenders will not provide a loan to an individual whose name is not on the title of the property.

Our Florida mortgage lenders are one of the only hard money lenders in Florida with years of experience in refinancing a reverse mortgage in Florida. Offering quick approval and fundingvery competitive rates, and professional service, our private hard money lenders have proven to be a reliable direct hard money lender able to fund various types of Florida hard money loans. Contact US now to get a hard money reverse mortgage refinance loan funded fast.

No Income Florida Mortgage Lenders

Fast Free Consultation Call Now 

To refinance a reverse mortgage in Florida, the estate’s heirs must secure a traditional mortgage to pay off the existing reverse mortgage balance if they wish to keep the property. This option requires the property’s value to exceed the reverse mortgage debt and the heirs to qualify for the new loan based on their credit. Alternatively, they can sell the property, pay off the loan with the proceeds, and keep any remaining funds, or deed the property to the lender. 

NO Tax Return Cash Out Florida Mortgage  – 

Yes, you can cash out or refinance a mortgage in Florida with no tax returns. Even if you have not filed your tax returns, you can still refinance a mortgage in Florida using alternative income documentation options.  Buying a home in Florida is not easy if your income doesn’t fit into full doc W2,  tax returns, and 4506T. Many self-employed Florida mortgage applicants, real estate investors, retirees with assets, and even foreign buyers face roadblocks with traditional mortgages. That’s when you Google search No Tax Return Florida Cashout mortgage lenders.

Cashout Refinance Florida Mortgage Options 

 

No Tax Return Cash Out Florida Mortgage 

Our private Florida mortgage lenders provide mortgage solutions for tough situations for mortgage applicants with no income documentation, no tax returns, and /or lower credit scores. Many newly self-employed Florida mortgage applicants who have established themselves with good credit and stable income have decided that they are ready to become homeowners and seek to get qualified for a Florida home loan. One of the most important factors lenders look for in borrowers is their qualifying income. Our Florida no-income or no tax return mortgage lenders have a wide variety of mortgage refinancing options. Call us now to learn more.

Cashout Refinance Phone Consultation

Please call me to review your circumstances. Within about 10 minutes, I can understand your situation and what your goals are, and let you know if I can help. Questions i might ask include:

  1. What are your challenges and goals? I need to understand if there are challenges with your credit or income, or collateral, because I don’t want to waste your time or set unrealistic expectations.
  2. How much do you owe in debt, and what’s your home worth? What’s the estimated payoff on your home, including all liens and debts, and how much is its worth, so I can determine how much equity you have? Then I can match your equity with your goals and estimate the probability.
  3. We can go over all of these numbers before you apply for a mortgage. Just like you, I don’t want to waste my time or yours if I cannot help you. I don’t want to pull your credit unless the numbers look like they work. Gather all your payoffs so we can assess your situation. Please call me when you can. I look forward to a friendly conversation. Thank you, Thomas Martin 

No Tax Return Cashout Property Include:

No Tax Return Florida Condo Mortgage 

 

Thomas Martin

Sr. Mortgage Loan Advisor
NMLS: 156080

Info Request Form

Mortgage Menu

MINIMUM CREDIT SCORE

PORTFOLIO

NO MIN FICO SCORE 

NO TAX RETURN

350 MIN FICO

FHA/VA

500 MIN FICO

CONVENTIONAL

620 MIN FICO

CALL NOW!

954-667-9110

Apply Now!

All Information Subject To Change