Find the best reverse mortgage deals in Cape Coral, Florida.
Meet Jack Belles
HECM Vice President and Mortgage Banker
The Federal Savings Bank NMLS#: 411500
Jack Belles and the Federal Savings Bank are your Cape Coral experts when it comes to reverse mortgages, whether you’re in Fort Myers, Port Charlotte, Bonita Springs or anywhere throughout Lee County.
Jack’s wealth of experience in the Home Equity Conversion Market is truly awe-inspiring.
He has stood the test of time, working in the business for more than 35 years and incredibly originating loans in all 50 states.
Central to every single engagement with his customers is ensuring they understand how reverse mortgages work. “I’m big on education,” Jack says. “It’s absolutely critical to our customers' long term financial security and wellbeing.”
Purchasing a reverse mortgage is a big decision and Jack encourages family and trusted advisors to participate in any discussions about refinancing.
"I think we have the perfect mix,” Jack says. “We’re big enough to deliver ... but small enough to care."
What is a reverse mortgage?
A reverse mortgage is an incredible product that gives homeowners the ability to tap into the equity they have built up in their property.
As long as you are 62 years of age, you are eligible to apply for this loan which gives you the power to benefit from the value of your home without having to move.
Homeowners can draw down funds in several different ways and can also take advantage of a line of credit which can prove very handy, all without having to pack up and downsize.
The real wonder of a reverse mortgage loan is that provided the terms of the loan are met, it does not require repayment of the loan until either the homeowner sells the residence or the last surviving borrower passes away.
It is one of the most astute ways you can give your standard of living a massive shot in the arm and put financial worries behind you, all while remaining in your home.
Housing prices are growing all across America and prices in Cape Coral are going through the roof! They have boomed 40 percent in the last 12 months to an average of $358,440. (https://www.zillow.com/cape-coral-fl/home-values/)
There are already 1351 people in and around Cape Coral taking advantage of reverse mortgages. And 118 of them have purchased one in just the last 12 months alone.
About Cape Coral, Florida
Cape Coral is the realisation of the vision of brothers Leonard and Jack Rosen who in 1957, flew over the peninsula known as Redfish Point, looking for land to develop.
Clearing that land proved treacherous with builders having to battle the mangroves, snakes, alligators and panthers. But together, they all transformed it into the largest master-planned community in the United States.
The development had an enormous marketing budget. A yacht club and a golf course were among the first to be built in Cape Coral as celebrities flew in to promote the area. And it worked!
Sales reached $5m in just the first five months with waterfront sites in 1959 going for $1990. Land could be purchased for just $20 downpayment and $20 per month. Cape Coral is now the largest city, both in population and area, between Tampa and Miami.
Contact your Cape Coral reverse mortgage lender today.
Jack Belles and his Federal Savings Bank team are ready and waiting to answer all your questions about reverse mortgages.
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