Get a Personalized Quote from one of Florida's Best Reverse Mortgage Specialists!
Get a Personalized Quote from one of Florida's Best Reverse Mortgage Specialists!
TESTIMONIALS
What Our Clients Say About Us
"Catherine is AMAZING! Very knowledgeable and helped us through the process of several offers. We felt she truly cared about us AND making sure we understood every aspect of the purchase on our new home. Seamless experience. We will be be using Ideal Lending Solutions again without a doubt."
- Lauren Ashley
"Wilson Enriquez and his team got me the best possible deal!!! His team processed everything extremely quickly. If you want someone you can trust, he is it! Thank you Wilson!!!"
- Christopher Wallace
"Caroline's level of professionalism was beyond my greatest expectations. She possesses great knowledge and superb communication skills. My mortgage finance process was smooth, fast, and very pleasant."
- Rod Oliveira
"Wilson made the experience simple and not so confusing.Truly a unique and professional person. He took the time to explain all of my options. He answered all of our questions in the most quicker and professional manner."
- Maureen Pacheco
"Great people to work with and they are very helpful, always try to help you. Very patient as well. I recommend them with everything you might need."
- Asiel Lara
WHAT IS A REVERSE MORTGAGE?
How The Reverse Mortgage Works
A reverse mortgage is a loan secured by your home. It must be your primary residence (that means that you, as the borrower, must live in the home for as long as you have the loan).
This type of loan allows borrowers to access a portion of their tax-free equity without making monthly mortgage payments. No payment is required until the last surviving homeowner moves, dies, or sells the home.
The borrower maintains the home’s title and is responsible for property taxes and homeowner’s insurance payments. The amount borrowers receive is determined by the HUD calculations based on the age of the borrowers (most specifically, the age of the youngest borrowing or non-borrowing spouse), the value of the home or the HUD lending limit, whichever is less and the interest rates in effect at the time.
Borrowers never have to make a monthly payment on reverse mortgage loans. There is never a prepayment penalty, so they can make any payment they wish, including repaying the loan at any time.
WHAT IS A REVERSE MORTGAGE?
How The Reverse Mortgage Works
A reverse mortgage is a loan secured by your home. It must be your primary residence (that means that you, as the borrower, must live in the home for as long as you have the loan).
This type of loan allows borrowers to access a portion of their tax-free equity without making monthly mortgage payments. No payment is required until the last surviving homeowner moves, dies, or sells the home.
The borrower maintains the home’s title and is responsible for property taxes and homeowner’s insurance payments. The amount borrowers receive is determined by the HUD calculations based on the age of the borrowers (most specifically, the age of the youngest borrowing or
non-borrowing spouse), the value of the home or the HUD lending limit, whichever is less and the interest rates in effect at the time.
Borrowers never have to make a monthly payment on reverse mortgage loans. There is never a prepayment penalty, so they can make any payment they wish, including repaying the loan at any time.
WILL IT WORK FOR ME?
Watch This Real Case Study About Bob Bartosch, One Of Wayne's Clients
WILL IT WORK FOR ME?
Watch This Real Case Study About Bob
Bartosch, Who Got A Reverse Mortgage A Decade Ago, And Is Now Living His Best Retirement
About Me
Wilson Enriquez
President of Ideal Lending
Experienced mortgage professional Wilson Enriquez remembers what is was like buying his first home and he always makes it a point to keep that thought in mind whenever he is helping his clients sign up for their first loan. Perhaps this is why almost all of Wilson’s clients come to him by referral only, noting that 100% of his company’s business is built by their relationships with the community and past clients.
Wilson has been in the mortgage industry for over 19 years and is known by his clients and colleagues as a compassionate Loan Officer who is straightforward and honest. He takes great pride in helping his clients achieve their homeownership goals. “To buy your first home is an exciting experience and we want to make it a memorable one!”
19
YEARS OF EXPERIENCE IN MORTGAGE LOANS
3000+
5 STAR REVIEWS
3000+
CUSTOMERS HELPED IN THE
EAST FLORIDA AREA
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Ideal Lending LLC, NMLS 2471779 is not affiliated with or acting on behalf of or at the direction of the Federal Housing Administration (FHA) or any government agency or government-sponsored entity and this offer is not being made by an agency of the government. Ideal Lending LLC is a Licensed Mortgage Lender Servicer, FL MLD2414; Ideal Lending LLC only lends in CO, CT, FL, GA, TN, TX. Refer to www.nmlsconsumeraccess.org and input NMLS 2471779 to see where Ideal Lending LLC is licensed. Equal Opportunity Employer; Equal Opportunity Lender | This is not an offer for extension of credit or commitment to lend. All loans must satisfy underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. Certain restrictions may apply.
© Ideal Lending LLC Office: 5589 Okeechobee Blvd Suite 101, West Palm Beach, FL 33417