2828 Coral Way Ste 470 Miami, FL 33145

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Great News

Great News!!! The lending limit for Federally-Backed Reverse Mortgages is increasing to $1,089,300 in 2023 Read: Mortgagee Letter (ML) 2022-21 This is great News for Homeowners with properties valued at more than $970,800. They will be able to access a higher percentage of their equity. Request Reverse Mortgage Information. No cost or obligation. Complete the…

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Debt Consolidation

Black Friday, Cyber Monday, Vacation Travel Over??? Holidays Coming??? The Federal Reserve Board has increased Interest Rates at least 6 Times in 2022!!! The Fed’s Gift to Brighten our Holidays, One more increase is scheduled in December 2022. More increases are scheduled for 2023!!! These increases affect not only Mortgage Rates but, worse, all Credit Cards, all Variable…

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Financial-Retirement Planning With a Reverse Mortgage

 Financial-Retirement Planning With a Reverse Mortgage SOME WISE USES FOR THE FUNDS FROM A REVERSE MORTGAGE FINANCIAL AND/OR RETIREMENT PLANNING**: ● Avoid selling assets and paying Capital Gains Tax ●  Reduce Taxable Estate ●  Free-up liquidity ●  Reduce taxable IRA withdrawals ●  Manage market volatility, ●  Charitable or Sect. 529 Gifts, ●  Delay Social Security ●  Portfolio Survivability ●  Reduce…

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Consolidate Your High Interest Debt In One Lower Payment

Consolidate Your High Interest Debt In One Lower Payment!   The Federal Reserve Board has increased Interest Rates at least 6 Times this year!!! One more is expected in December. More increases are scheduled for 2023 These increases affect not only Mortgage Rates but, worse, all Credit Cards, all Variable Rate Loans as well as…

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Future Reverse Mortgage Borrowers Don’t Wait!!!

  Yesterday November 2, 2022, The Federal Reserve Board has Increased the Interest Rate for the sixth time this year, by a MASSIVE 0.750%. This translates into a lower amount of funds you can receive from a new Reverse Mortgage or a Higher Monthly Payment for Traditional Mortgage Borrowers. This only is the 6th increase…

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Home prices continue to gain in South Florida

Home prices continue to gain in South Florida In Miami, home prices posted a 28.6% year-over-year gain in August — the largest in the country — compared to a 31.7% gain in July. Month over month, prices fell 0.1%.   Still deep in positive territory, home-price gains post steep declines in latest Case-Shiller by John…

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Retirement Possibilities Anxiety Study

Economic insecurity and insufficient savings fuel retirement anxiety, says study Northwestern Mutual’s 2022 Planning & Progress Study reveals the ongoing issues Americans face when saving for retirement and planning for the future. MILWAUKEE, Oct. 25, 2022 /PRNewswire/ — The latest findings from Northwestern Mutual’s 2022 Planning & Progress Study reveal that U.S. adults aged 18+ anticipate they will need $1.25 million to…

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8 Tips that will help homeowners prepare for an appraisal

8 Tips that will help homeowners prepare for an appraisal Housekeeping: Always make sure that your home is clean and presentable for the appraisal inspection. While the appraiser may be able to ignore homes that are untidy, your lender may not do the same. Underwriters and desk reviewers look at interior and exterior pictures to…

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CONTACT INFO

2828 Coral Way Ste 470
Miami, FL 33145

Great Florida Lending Inc.

NMLS Identifier:314305
Florida License: MBR216
Licensed in Florida, Georgia and Texas

Juan Luis Rodriguez-Kohly

NMLS Identifier: 257898
Florida License: LO 5069
Regulated in Florida by the Florida Office of Financial Regulation
Florida Licensed Real Estate Salesperson Lic 0635518