If you’ve been thinking about moving to Tampa for your retirement, these recent improvements have made Tampa a quaint, charming and relaxing place to live.

What was once called the “Bucket of Blood” has now become the new front door of east Tampa. 22nd Street, which used to be a dirt road that later became the entryway to a block of public housing swarming with drug deals, has been completely transformed thanks to $5.6 million in renovations.

The latest renovation, and the centerpiece of 22nd Street, is a traffic roundabout, created to move traffic more smoothly, adorned with an obelisk at the center, brick-patterned crosswalks and beautiful landscaping, complete with lush trees, yellow lantanas and jasmine.

The renovated stretch of road lead to the Belmont Heights Estates, a curving street full of Victorian-style street lamps and duplexes that look like bungalows.

The renovations signal a neighborhood reclaimed by its city and the residents that inhabit it. If you presently own a home in Tampa, a reverse mortgage can help you downsize from your current home and into a neighborhood reclaimed by its residents and for its residents. The fees associated with obtaining a mortgage along with a reverse mortgage are considerably lower with a reverse purchase loan because both transactions are simultaneously.

If your kids are all grown up and have moved out and you find yourself in a home much bigger than what you feel comfortable with, consider a reverse purchase, it might be the key to a successful retirement.

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. Whether you are looking for at a Reverse Purchase or a HECM Saver, or any other product under the reverse mortgage program, PS Financial Services can help.

If you think a Reverse Purchase is right for you or you simply want more information, let us know at (888) 845-6630 or email us at info@PSReverseMortgage.com.