Reverse Mortgages Near You - Winter Haven Reverse Mortgage Lender
Meet David Thornton
David Thornton
Branch Manager
NMLS #1515638
David Thornton and Element Home Loans are one of Florida’s leading authorities on reverse mortgages, from Lakeland to Davenport and all around the Chain of Lakes.
David is a lifelong resident of Polk County and has served the central Florida public for more than 35 years.
He understands how stressful the mortgage process can be and assures you he will personally handle your transaction from start to finish with integrity and transparency.
“Rest assured, I am dedicated to providing world-class service and the very best products available in the mortgage industry,” David says. “You and your needs will always come first.
“You are more than just a customer or client. You will become a friend and part of the Element Home Loans family.”
You can trust that once David has set up your reverse mortgage, he will remain on call to answer any questions or concerns you have going forward.
Away from work, David loves Florida outdoors and all the local sporting activities.
He is married with one beautiful daughter who is a graduate of the University of Central Florida and is pursuing her CPA license.
What is a reverse mortgage?
A reverse mortgage is one of those products you wish you had heard about years ago. But it’s never too late!
Occasionally, senior homeowners can find themselves asset-rich but cash poor.
A reverse mortgage changes the flow of mortgage payments from the bank back into homeowners' pockets, and so gives them the financial freedom that may have been slipping through their fingers.
It does this by allowing them to tap into the equity they already have in their own home.
It is only available to homeowners 62 years or older and allows them to remain in their homes without having to sell up and downsize.
Funds can be made available in many different ways including a lump sum payment, regular installments, or a line of credit.
The real power of a reverse mortgage is that as long as the terms of the loan are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
It means retirees can stop counting every penny and start living life again to the fullest.
Housing prices are soaring all over the country and Winter Haven is performing well above average with properties up 29.7 percent over the last 12 months to an average of $257,548. (https://www.zillow.com/winter-haven-fl/home-values/)
Winter Haven residents are well versed in the benefits of reverse mortgages. Some 992 already have one with 86 buying one in the last 12 months.
About Winter Haven, Florida
Winter Haven was settled in the 1860s with the town laid out in 1884 originally known as Harris Corners after the family who owned the local store.
It was later renamed Winter Haven in reference to its temperate climate.
Like many southern cities on both sides of the country, fruits and vegetables were grown, later replaced by citrus groves.
That industry remains important today along with phosphate mining and tourism.
Cypress Gardens, just south of Winter Haven, saw Florida’s first theme park open in 1936 before it became Legoland in 2011.
The Water Ski Hall of Fame and Museum and the Florida Citrus Festival are held in nearby Auburndale every year from late January to early February.
Contact your Winter Haven reverse mortgage lender today
David Thornton and his Element Home Loans team are keen to help you understand everything you need to know about a reverse mortgage loan that could change your life for the better.
If you think David can help you, please call him today on (863) 624-6189.
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