Blog

All Cash Home Purchase Coming Up Short?

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A question for my Realtor and Financial Professionals: What do retirees, and those preparing to retire, want in what could be their last home purchase? Single-story living Modern design Upgraded kitchen Outdoor living space Low Maintenance Neighborhood and nearby amenities Proximity to family, children and grandchildren Manageable or no monthly payments The Problem: They just…

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REVERSE MORTGAGE MYTHS, OR WHY YOU MAY MISS ONE OF THE MOST IMPORTANT LOAN PRODUCTS AVAILABLE TODAY…

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Reverse mortgages have been around for nearly 60 year and, during that time, have taken their fair share of knocks…  from the unscrupulous peddlers to the lack of sufficient government oversight. Find out below how the Home Equity Conversion Mortgages (HECM), (the only HUD approved, FHA insured reverse mortgage available) has been turned into one…

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FHA’S NEW REVERSE: Independent Borrower Counseling … And We Encourage Heirs To Attend!

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The Department of Housing and Urban Development (HUD) now requires that a third-party counselor be involved in every FHA insured Home Equity Conversion Mortgage (HECM). Why is this so important in the protection of the borrower’s interests?  Because in the old days older homeowners were getting into loans that were poorly understood and, prior to…

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Did You Know You Can Buy a Home with a Reverse Mortgage?

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Reverse mortgages have become one of the primary drivers of 55+ communities over the last 3 to 5 years.  In fact, Epcon Communities (one of the largest developers of 55 and over communities), stated after introducing their FHA Home Equity Conversion Mortgage for Purchase in 2013[1], “Now, 30% of our homebuyers utilize this buying option. …

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Follow Richard with Central Florida Reverse


Licensing

Central Florida Reverse
- NMLS: 1486483
- FL: MBR2015
- GA: 62076

Licensing

W. Brandon McWhorter
- NMLS: 1222276
- FL: LO29724
- GA: 62082

Richard W. McWhorter
- NMLS: 1618644
- FL: LO 44137
- GA: 57530

Contact Us

Central Florida Reverse
200 E Tillman Avenue
Lake Wales, FL 33898

Number:
(404) 313-9785

Hours:
MON-FRI 9AM - 5PM EST

McWhorter Mortgage, LLC, dba Central Florida Reverse Mortgage, NMLS 1486483, provides an Equal Housing Opportunity.  Information is subject to change without notice.  This is not an offer for extension of credit or a commitment to secure a loan.  Some restrictions may apply. McWhorter Mortgage is licensed in Florida and Georgia, call for referral recommendations in other states. This material is not from HUD or FHA and has not been approved by HUD or any government agency.