With over 25 years of experience helping homeowners access their home equity, we’ve guided thousands of seniors through various financial situations. Here are some simple reverse mortgage examples where our clients have achieved their goals.
Situation: Catherine was under financial stress due to the loss of her husband. She had incurred numerous medical bills and credit card debt from her husband’s illness as well as the ongoing required mortgage payment of $789. This was compounded by the loss of his social security income and the loss of his pension.
Situation: Samuel & Clara were in an older home that was in need of major improvements since it was built back in the 1970’s. They needed a new roof, A/C unit and upgraded all weather windows. They also wanted to have some cosmetic upgrades done to their kitchen and bathrooms as well as new flooring throughout.
Still have questions about reverse mortgages? Check out this video to learn how reverse mortgages have evolved over the years and why they may be a smart option today.
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