Reverse Mortgages in Key West
Retirement in Key West
Bordered by both the Gulf of Mexico and the Atlantic Ocean, Key West is home to some of the most beautiful beaches in the Unites States, making an ideal vacation or retirement spot where both older retirees and younger generations can enjoy all it has to offer.
It’s rich history, dating back as far as the Pre-Columbian years, makes Key West a hotspot of culture, where residents and visitors can explore what was once the largest and wealthiest cities in Florida as far back as 1889.
As the southernmost city in the United States, Key West is about 4 miles long and 2 miles wide and is home to the Key West Historic District, also known as the Old Town of the City of Key West, which was deemed as such in 1971.
The Key West Historic District offers all those who visit premier historical locations such as Mallory Square, Duval Street, the Truman Annex and Fort Zachary Taylor. The famous Key West bungalows and guest mansions are also located here, both of which, in most cases date from 1886 to 1912.
Reverse Mortgage Advantages
If you live in the CIty of Key West and want to take advantage of all the city has to offer, in order to fully enjoy your retirement, a reverse mortgage could be just the answer you’ve been looking for. If you’re thinking about relocating to Key West it’s time to consider a reverse mortgage as a long term retirement planning tool.
A reverse mortgage is a loan you do not have to make monthly payments on, like a home equity loan that gives borrowers the freedom to enjoy their retirement as they want to.
If you’re hoping to relocate toKey West for your retirement, a reverse purchase can help you downsize without having to make payments on your new home. It’s a viable option for many seniors hoping to downsize for their retirement to a more manageable home.
At PS Financial Services, a reverse mortgage company in Florida, we always work with our clients to find the best product for their personal situation. If you think a reverse mortgage is right for you, regardless of your retirement plans, or you simply want more information, let us know at (888) 845-6630 or email us at info@PSReverseMortgage.com.