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Follow on Google News | Villages Retirees & Elderly on Reverse Mortgages Seek Property Appraisal for Home Equity AssuranceRetirees, elderly & baby boomers in Villages retirement communities turn to real estate property appraiser before signing contracts for reverse mortgages exercising caution before signing a reverse mortgage to have assurance about home equity values.
By: Mid-State Appraisals helping retirees & elderly Contact Paul Davis and Mid-State Appraisals for your next appraisal: Office: 352-242-9973 Cell: 352-636-6672 Fax: 352-242-4912 midstateappraisals@ http://www.midstateappraisals.org As an FHA approved real estate appraiser, I am particularly interested in serving retirees and the elderly. As a Central Florida native who is now into my 60s myself, I understand what both the baby boomers and retirees have in mind by way of real estate. Retirement communities throughout Central Florida like: The Villages, The Plantation in Leesburg, Kings Ridge in Clermont, Royal Highlands in Leesburg, Highland Lakes, and Legacy of Leesburg are becoming increasingly predominant throughout the real estate market. One thing these communities are doing heavily is reverse mortgages and refinancing. The department of Housing and Urban Development (HUD) has some very useful information about reverse mortgages, which retirees and the elderly would do well to consider. Get an honest and fair market value appraisal (352) 242-9973 of your home before you allow a lender to put a reverse mortgage on it and deplete your life savings. According to HUD, reverse mortgages are becoming popular in America. Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information freely given by HUD. Reverse mortgages are becoming popular in America. Begin by getting an appraisal before signing any paperwork for a reverse mortgage. It is wise to accurately assess the value of your home so you know what amount of equity you have to allocate toward your future disbursements when structuring a reverse mortgage. Retirees and elderly nowadays cannot take any chances with their precious home equity. Before signing contractual terms for a reverse mortgage, it behoves any homeowner to know the home equity value they have on hand before releasing such power to a lender. Given the many predatory lenders and unscrupulous practices of defaulting banks across the country, retirees and elderly need to beware and get an accurate home appraisal and valuation from a property appraiser before their most valuable asset is taken away from them. Get a real estate property appraiser to assess your fair market value home equity before signing contracts for reverse mortgages. Exercise some caution before signing a reverse mortgage to have assurance about your home equity value. Mid-State Appraisals founder Paul F. Davis has outstanding qualifications: http://www.midstateappraisals.org midstateappraisals@ - State Certified Residential Real Estate Appraiser (License RD # 2667) - Licensed Real Estate Broker (License BK # 161133) - State Certified Building Contractor (License CBC # 040794) - Over 20 Years of Professional Service to Winter Park and Central Florida - Unparalleled Knowledge and Outstanding Experience - Efficient, Attentive, and Committed to Clients Needs http://www.midstateappraisals.org midstateappraisals@ Mid-State Appraisals provides professional services to – Orange, Lake, Seminole, Osceola, Sumter, and the Davenport area of Polk County. Mid-State Appraisals services are provided by committed professionals, dedicated to quality work, detailed research, and timely completion of assignments. Expect a speedy, accurate, and no hassle appraisal. All appraisal reports comply with the Uniform Standards of Professional Appraisal Practice (USPAP) and Mid-State Appraisals is FHA approved. Mid-State Appraisals offers competitive fees for retirees and the elderly, service 6 counties, are approved with nearly all major lenders, use the latest in computer technology, provide fast, consistent turnaround time and are licensed & insured by the State of Florida. Office: 352-242-9973 Cell: 352-636-6672 Fax: 352-242-4912 midstateappraisals@ http://www.midstateappraisals.org Contact Paul Davis and Mid-State Appraisals for your next appraisal: Office: 352-242-9973 Cell: 352-636-6672 Fax: 352-242-4912 midstateappraisals@ http://www.midstateappraisals.org Retirees, elderly & baby boomers in Villages retirement communities turn to real estate property appraiser before signing contracts for reverse mortgages exercising caution before signing a reverse mortgage to have assurance about home equity values. # # # Contact Paul Davis and Mid-State Appraisals for your next appraisal: Office: 352-242-9973 Cell: 352-636-6672 Fax: 352-242-4912 midstateappraisals@ http://www.midstateappraisals.org End
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