St. Petersburg in Florida has been one of the most desirable retirement destinations in the United States since the 1920s. One of the reasons for its popularity as both a retirement and tourist destination is the amazing weather; St. Petersburg averages 361 days of sunshine a year. It also holds the Guinness Book of World Records for the most consecutive days of sunshine: 768! For seniors looking to retire in a warm and sunny spot on the coast of Florida, St. Petersburg is the place to go.
St. Petersburg is home to three colleges, which helps bring a great deal of culture to the city. There are a number of excellent museums including the Salvador Dali Museum, the Holocaust Museum, the Museum of Fine Arts and more. The St. Petersburg Pier is a great place to find entertainment in the form of festivals and more. The dining in St. Petersburg is also first-rate. Many people agree that St. Petersburg boasts one of the nicest and most active downtown areas in all of Florida.
For seniors hoping to relocate to or remain in St. Petersburg for retirement, the biggest barrier is likely to be cost. Housing in this coastal city isn’t cheap. However, there is good new for seniors 62 and older: a great tool called a reverse mortgage can help you live in St. Petersburg! Reverse mortgages allow qualified homeowners to access part of the equity in their homes as well as the freedom and comfort of the home they have known for so many years. Reverse mortgages can even be used to buy a new home!
If you are wondering if a reverse mortgage is right for you, call the Reverse Mortgage Specialists at FirstBank in St. Petersburg. They will educate you on all the details of a reverse mortgage and help you determine if a reverse mortgage is right for you.
FirstBank is a 107-year-old FDIC insured bank. It is a long-standing member of the Better Business Bureau where it holds an A+ rating. FirstBank is also a subscribing member of the National Reverse Mortgage Lenders Association (NRMLA), and an approved direct lender with the US Department of Housing and Urban Development (HUD).