Shop for the best reverse mortgage deals in Fort Myers, Florida.
Meet Jack Belles
HECM Vice President and Mortgage Banker
The Federal Savings Bank NMLS#: 411500
Jack Belles and the Federal Savings Bank make up the top team in Fort Myers when you need to know about reverse mortgages, whether you’re in Cape Coral, Lehigh Acres, Estero or anywhere throughout Lee County.
Jack is one of the most experienced agents you can talk to about reverse mortgages or Home Equity Conversion Mortgages (HECMs). He is an absolute veteran of the industry, having worked for 35 years, incredibly originating loans in all 50 states.
Ensuring retirees fully understand how reverse mortgages work is central to every single discussion Jack has with them. “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 one of the biggest decisions and investments anyone will make. That’s why Jack encourages family and trusted advisors to take part in any conversations about refinancing with the Federal Savings Bank.
"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 a truly incredible loan that gives homeowners the power to tap into the equity they have built up in their property. It is available to anyone 62 years of age and gives them the ability to upgrade their lifestyle without having to sell their home.
Homeowners can draw down funds in various ways including a line of credit which is always handy, and all without having to sell up and downsize.
The real beauty 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 shrewdest ways you can give your standard of living a significant boost and put your financial worries to bed.
Housing prices are heading north right across America and properties in Fort Myers are no exception. They have jumped nearly 34 percent in the last 12 months to an average of $317,957. (https://www.zillow.com/fort-myers-fl/home-values/)
Already, 1485 people around Fort Myers are taking advantage of reverse mortgages. And 136 of them have purchased one in just the last 12 months alone.
About Fort Myers, Florida
The city was named in 1850 after what was one of the finest and largest forts of the Seminole Wars, in honour of Colonel Abraham Myers who served in the U.S. Army.
It was the site of the Battle of Fort Myers during the final months of the American Civil War in 1865 in what became known as its “southernmost land battle”.
In 1885, there were 349 residents living in Fort Myers when the town was officially founded. But the rich and famous were soon attracted to the area – like Thomas Edison, Henry Ford and Harvey Firestone. They became known as the “Millionaire’s Club” and they are remembered today in statues at Fort Myers’ Centennial Park.
No city in Florida sees more days of sun than Fort Myers. Its beaches also boast more shell varieties than anywhere else in America.
Contact your Fort Myers reverse mortgage lender today.
Jack Belles and his Federal Savings Bank team are on hand to answer all your questions about reverse mortgages.
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