Reverse Mortgages Wesley Chapel, FL, Lutz, FL, North Tampa, FL Encompass Mortgage Services, Inc. Reverse mortgage lending - San Antonio, Florida

Encompass Mortgage Services, Inc.: A Trusted Reverse Mortgage Solution in Wesley Chapel, Lutz, and North Tampa

For individuals seeking to unlock the equity in their homes and enjoy a more financially secure retirement, Encompass Mortgage Services, Inc. presents a compelling and reliable option. Located at 29336 Coharie Loop, San Antonio, FL 33576, this established mortgage broker specializes in reverse mortgages, catering specifically to the needs of homeowners in Wesley Chapel, FL, Lutz, FL, and North Tampa, FL. With a dedicated team and a commitment to personalized service, Encompass Mortgage Services strives to simplify the often complex process of obtaining a reverse mortgage.

What are Reverse Mortgages A reverse mortgage, formally known as a Home Equity Conversion Mortgage (HECM), allows homeowners aged 62 and older to borrow against the equity in their homes without having to make monthly mortgage payments. Instead of making payments to a lender, the lender makes payments to the homeowner. The loan balance grows over time as interest and fees accrue, and the loan becomes due when the homeowner sells the home, moves out, or passes away. It's crucial for potential borrowers to fully understand the terms and conditions before proceeding.