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Florida Home Loan offers the best interest rates on mortgage loans with outstanding customer service to
give you a pleasant experience with your re-finance,
home equity loan or new home purchase.
Also called a Home Equity Conversion Mortgage (HECM), what makes this type of mortgage unique is that instead of making payments to a lender, the lender makes payments to you. It enables older home owners to use their equity and convert it to cash, in the form of monthly payments. Unlike traditional home equity loans, a borrower can qualify solely on the value of his / her home. The loan doesn't have to be repaid until the recipient no longer occupies the home. Please see our guide to the various types of mortgages to learn more.
