About Reverse Mortgage Lending Center

Reverse Mortgage Lending Center is a division of Choice Mortgage Bank based in Boca Raton, Florida and is focused on the needs of the senior market. Our team has closed hundreds of millions in funded loans, and can provide you both the personal attention of a smaller, high-touch company, with the power and systems of a large bank.

We are also proudly members of NRMLA, the National Reverse Mortgage Lender’s Association.

Most of our clients use a reverse mortgage as a financial planning tool to increase their portfolio, and thus increase liquid cash. We are truly passionate about optimizing finances for seniors such as yourself or a loved one, and in nearly all cases, the tools we provide more than pay for themselves.

A reverse mortgage can…

  • Unlock dormant under-performing equity which you can they deploy with a financial planner and thus potentially increase your profits via arbitrage (i.e. borrow at 5%, earn 7% and thus profit 2% per year on the balance). As always, talk to a qualified financial planner about what returns are realistic, and of course we can recommend you to a financial planner if you need one.
  • Increase liquidity so you have more cash on hand before you need it – and you can use it for anything you choose.
  • If you plan to sell your home, a reverse mortgage can unlock capital for home improvement, with no payments due (the interest simply is added to the balance each month)
  • A reverse mortgage can help spread gifts to family over several or many years and thus potentially decrease the tax liability of recipients. This can actually increase one’s gift amount to family if done in a tax-advantaged manner.
As you can see, “About Us” is really about you – we love helping people reach their financial goals. Why not give us a call now to see how we can help you?

 

Toll Free (888) 317-7886 ext.701

Questions? Call us Toll Free 9am - 5pm EST excluding major holidays.

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