Legal Disclaimer
Company Information
Florida’s Best Mortgage Company LLC d/b/a Florida’s Best Reverse Mortgage Company is licensed in the state of Florida. NMLS ID #2090602 (www.nmlsconsumeraccess.org) | FL Mortgage Banker License #MBR3978 | Licensed by the Florida Office of Financial Regulation | 13575 58th St North, Ste 108, Clearwater, FL 33760 | (844) 352-2378
For licensing information, visit www.nmlsconsumeraccess.org
HUD/FHA/Government Agency Disclosure
These materials are not from HUD, FHA, the USDA, or the VA. These materials were not approved by any government agency. They are independent of any government agency. We are not in any way affiliated with any organization listed or referenced within this website, including HUD/FHA/USDA/VA. The inclusion of various education, information, web links, or materials are not an endorsement of the Sender or any of its employees or business partners.
For information directly from HUD/FHA, visit https://www.hud.gov/guidance
Equal Housing Lender
Florida’s Best Reverse Mortgage Company is an Equal Housing Lender. We are committed to compliance with the Equal Credit Opportunity Act (ECOA), the Fair Housing Act, and all applicable federal and state fair lending laws. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, disability, familial status, sexual orientation, gender identity, or any other protected class.
Equal Housing Opportunity Company
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Licensed in the Following U.S. States
Reverse Mortgage Disclosures
A reverse mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan).
Reverse mortgage loan terms include occupying the home as your primary residence, maintaining the home, paying property taxes, and maintaining homeowners’ insurance. Although these costs may be substantial, an escrow account for these payments is not typically established. However, a Life Expectancy Set-Aside (LESA) or other set-aside account can be set up for taxes and insurance, and in some cases may be required based on the results of a financial assessment.
Origination fees, mortgage insurance premiums (where required by HUD), closing costs, and servicing fees are rolled into the balance of the loan. The lender charges interest on the balance, which grows over time.
When the last borrower or eligible non-borrowing spouse dies, sells the home, permanently moves out, or fails to comply with the loan terms, the loan becomes due and payable (and the property may become subject to foreclosure). When this happens, some or all of the equity in the property no longer belongs to the borrowers, who may need to sell the home or otherwise repay the loan balance.
HECM reverse mortgages are federally insured by the Federal Housing Administration (FHA) and require counseling from a HUD-approved housing counseling agency prior to application.
Not all interest on a reverse mortgage is tax-deductible, and to the extent that it is, such deduction is not available until the loan is partially or fully repaid. Consult a qualified tax professional for guidance specific to your situation.
Important Information
This is not a commitment to lend. Reverse mortgage proceeds depend on borrower eligibility, property eligibility, current interest rates, home value, existing liens, and program guidelines. Borrowers must continue to pay property taxes, homeowners’ insurance, any applicable property charges, maintain the home, and comply with loan terms.
Prices, rates, and guidelines are subject to change without notice. Some products may not be available at all times. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.
Pre-approvals and pre-qualifications are based on a preliminary review of credit and income documentation only. A pre-approval is not a loan approval, rate lock, guarantee, or commitment to lend. An underwriter must review and verify a complete loan application in order to qualify.
AI-Assisted Communications Disclosure
Florida’s Best Reverse Mortgage Company may use artificial intelligence and automated systems to assist with certain communications, including but not limited to phone calls, text messages, and email correspondence. These AI-assisted communications are designed to provide timely information and support. A licensed human professional is always available upon request and is involved in all loan decisions.
Cookie and Tracking Disclosure
This website uses cookies, analytics tools, and tracking technologies to improve your experience, analyze site traffic, and support our marketing efforts. By using this website, you consent to the use of these technologies. You may adjust your browser settings to disable cookies, though some features of the site may not function as intended.
Third-Party Links
This website may contain links to third-party websites, including but not limited to HUD, FHA, NRMLA, and other industry resources. Florida’s Best Reverse Mortgage Company is not responsible for the content, accuracy, or privacy practices of any third-party websites. These links are provided for informational purposes only and do not constitute an endorsement.
Complaint Policy
It is the policy of Florida’s Best Reverse Mortgage Company to respond to customer complaints, disputes, and issues immediately, to take each complaint seriously, to investigate each complaint however small it is — immediately, and to take remedial actions swiftly.
As soon as a complaint is received, it is documented and logged into a special log. The complaint is sent directly to the Customer Complaint Officer or his designate in order to take action.
All complaints and records of complaints are kept in a special complaints binder along with all the Customer Complaint Officer’s Quality Control Files and other written policies so employees can easily access them and use them to provide better customer service. Reports on complaints are reviewed during the Customer Complaint Officer’s meetings with our Board. We are focused on providing financial products and services to all customers in compliance with all Federal and State regulatory policies including but not limited to consumer protection, fair lending, and civil rights laws. For more information, contact us at info@floridasbestreversemortgagecompany.com.
Privacy Policy
Your privacy is very important to us. Accordingly, we have developed this Policy in order for you to understand how we collect, use, communicate, disclose, and make use of personal information.
Before or at the time of collecting personal information, we will identify the purposes for which information is being collected. We will collect and use personal information solely with the objective of fulfilling those purposes specified by us and for other compatible purposes, unless we obtain the consent of the individual concerned or as required by law. We will only retain personal information as long as necessary for the fulfillment of those purposes. We will collect personal information by lawful and fair means and, where appropriate, with the knowledge or consent of the individual concerned. Personal data should be relevant to the purposes for which it is to be used, and, to the extent necessary for those purposes, should be accurate, complete, and up-to-date. We will protect personal information by reasonable security safeguards against loss or theft, as well as unauthorized access, disclosure, copying, use, or modification. We will make readily available to customers information about our policies and practices relating to the management of personal information. We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality of personal information is protected and maintained.
This is a brief outline of important aspects of our privacy policy. To review our complete privacy policy, visit privacy-policy-and-sms-terms-conditions/
Website Accessibility
Florida’s Best Reverse Mortgage Company is committed to making our website accessible to all users, including individuals with disabilities. We strive to conform to Web Content Accessibility Guidelines (WCAG) 2.1 Level AA standards. If you experience any difficulty accessing any part of our website, please contact us at (844) 352-2378 or info@floridasbestreversemortgagecompany.com, and we will work to provide the information you need in an accessible format.
Use of Website Materials
Florida’s Best Reverse Mortgage Company authorizes you to view and print information on this website for informational and non-commercial purposes only. The information provided is of a general nature and does not constitute accounting, tax, legal, consulting, or other professional advice. Prior to making any financial decision, we recommend consulting with your tax or legal advisors.
The content of this website is copyrighted. Unauthorized use of any materials may violate copyright, trademark, and other laws. Materials may not be modified, reproduced, publicly displayed, distributed, or performed for any public or commercial purposes without prior written approval.
Contact
For questions regarding this legal disclaimer, contact Florida’s Best Reverse Mortgage Company at (844) 352-2378 or info@floridasbestreversemortgagecompany.com.
