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West Palm Beach Reverse Mortgages

Shop the best deals for reverse mortgages in West Palm Beach, Florida. Meet Steve Hollander & Tisa Oldham.

Steve Hollander & Tisa Oldham Reverse Mortgages

Steve Hollander & Tisa Oldham

C2 Reverse Certified Loan Advisors
NMLS #1252419 | State License #LO54287 (Steve)
NMLS #1927445 | State License #LO66540 (Tisa)

 (561) 655-4064

 

 

West Palm Beach, Florida
West Palm Beach, Florida - Pixabay

West Palm Beach Reverse Mortgage Lenders

C2 Financial Corporation serves the needs of homeowners across the U.S. Today over 100 of their originators are ‘C2 Reverse Mortgage Certified’ to ensure the highest level of professionalism and integrity for borrowers who are seeking to learn more about either proprietary (private) or federally-insured reverse mortgages.

C2 was recognized in 2018 Mortgage Executive Magazine as the 'Top Mortgage Broker in the Country' and as one of the '50 Best Companies to Work For' in addition to being featured in the National Mortgage Professional Magazine, and has published several articles in the Scotsman Guide, a key industry publication.

Our team of originators has a team of experienced professionals who are familiar with the specific needs of homeowners in West Palm Beach, Boynton Beach, Boca Raton, Jupiter, and Delray Beach. We can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.

How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater West Palm Beach and the Palm Beach County region.

West Palm Beach Florida Reverse Mortgage Facts

2,185 people in or within 10 miles of West Palm Beach already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 138 more homeowners took out a federally-insured reverse mortgage. 

In 2021 the median home value in West Palm Beach was $339,686. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $970,800 which means most homes in West Palm Beach and in the surrounding area should see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $970,800 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.

Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.

Aerial view of West Palm Beach, Florida
Aerial view of West Palm Beach, Florida - Wikimedia Commons

About West Palm Beach, Florida

West Palm Beach is the county seat of Palm Beach County, Florida and is part of the Miami metropolitan area. It is the oldest incorporated city in South Florida. In 2020 113,749 residents lived inside the city limits making it the 19th largest city in Florida.

South Florida had been populated for centuries by the native peoples before Juan Ponce de León's arrival in 1513. The Spanish expedition found the Mayaimi, Jaega, and Ais people on the eastern coast of south Florida. Later the Seminole made present-day Florida their home. It was later in the 1870s and 1880s the first european settlers arrived in an area they referred to as “Lake Worth Country” settling along the shores of the freshwater Lake Worthy.. Two of the more prominent families that settled the area were the Potters and Lainharts.

One of the most notable residents of West Palm Beach was Henry Morrison Flagler who called the area a “veritable paradise”. Flagler had a vision of turning the area into a resort with a neighboring city for his workers.

Early residents raised vegetable crops and tropical fruits. The city was formally incorporated on November 5, 1894 making it the first incorporated municipality in South Florida. West Palm Beach quadrupled its population in the 1920s. Its population again surged during World War II thanks to Palm Beach Air Force Base. At one time German U-Boats sanke dozens of tankers and merchant ships just off the coast.

Popular local attractions and sights in West Palm Beach include the Henry Morrison Flagler Museum, Lion Country Safari, the South Florida Science Center, the beachfront Worth Avenue, and the Grassy Waters Preserve.

Contact your West Palm Beach and Palm Beach County reverse mortgage lender today.

Steve and his team at C2 Reverse Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage. Call Steve today at (561) 349-4201 to learn more or complete the steps below to get your free quote.

 

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