Reverse Fixed Second Mortgages in Florida

Access Home Equity While Keeping Your First Mortgage

Keep Your First Mortgage. Make Room for Your Plans.

You’ve built equity in your home, and a reverse fixed second mortgage may help you put some of it to use. Eligible homeowners receive a lump sum with a fixed interest rate while keeping their existing first mortgage and its rate in place.

Whether you’re planning home improvements, covering a larger expense, or creating a financial cushion, this option doesn’t add a required monthly principal and interest payment on the reverse mortgage while loan requirements are met.

Your first mortgage payments continue, along with property taxes, insurance, applicable HOA fees, and home maintenance. The home must remain your primary residence. Interest and fees are added to the reverse mortgage balance over time, and the loan must eventually be repaid. This proprietary program is not FHA insured.

At Select Home Loans, we’re here to help you understand your options and decide whether this approach fits your life.

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Why choose Select Home Loans?

Diverse mortgage options: Conventional, FHA, VA, Reverse Mortgages, Jumbo, Non-QM Loans, HELOC, Second Mortgages, and DSCR Loans.
Trusted reputation: A+ Rated and accredited by the Better Business Bureau.
Customized service: Solutions crafted to meet your specific requirements.
Established credibility: A reputation built on trust and experience.

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Let’s Explore What Your Home Equity Could Do for You

Start with what you have in mind. We’ll take time to understand your plans, review your current mortgage, and help you explore the funds that may be available based on your age, home value, and existing loan balance.

Together, we’ll look at estimated proceeds, interest rates, closing costs, and how the agreement affects your remaining equity over time. We’ll also explain when repayment is required and help you consider how that fits your longer term plans.

From preparing documents to arranging required independent counseling, we’ll guide you through each step and coordinate with your lending partner. You’ll have someone to answer your questions, explain the details, and give you room to decide at your own pace.

Have more questions? Visit the FAQ section on our reverse mortgage page, or reach out to our team. We’re happy to help.

More Choices. More Clarity. More Support.

More Options

Multiple lending partners, with programs and rates to fit your goals.

3,500+

Borrowers helped along the way

39States

Business-purpose DSCR financing for eligible investment properties.

Hear What Our Clients Have To Say!

“We recently worked with Nick Andrews on a DSCR refinance for our investment property in Florida. The experience was smooth from start to finish. He handled the process exactly how an investor loan should be handled: clear communication, fast turnaround, and no surprises. From the initial quote through underwriting and closing, Nick stayed on top of every moving piece (DSCR calculations, rental income documentation, appraisal coordination, conditions) and explained everything in plain English. If you’re an investor looking for a rental income loan, I’d strongly recommend Nick at Select Home Loans.”

Brian N.Jupiter, Florida

“I just wanted to send a note to thank you for all of your support and guidance throughout the mortgage process while purchasing our home. It could have been a nerve-racking experience and you very calmly guided me along the way and certainly made the experience much better than it easily could have been.”

Isabel B. & Gerald B.West Palm Beach, Florida

“Thank you Scott, for your superb assistance with Barry & Sally! Really appreciate working with people that take their profession to that next level like you!”

Miriam L.Orlando, Florida

“I was new to the area and just picked a mortgage company out of a hat. Fortunately, this was Select Home Loans. From start to finish, the process went smoothly and without any surprises. I highly recommend Select Home Loans.”

Judy M.Boca Raton, Florida

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