Harold & Lena
SOLUTION: Luckily George spoke with a Senior Lending Advisor who approved him for the HECM Credit Line easily due to its minimal qualifications. George liked all of the benefits but there were two that stood out above the rest; First, he would never have to worry about making a monthly mortgage payment on ANY funds he withdrew. And secondly, the unique “GROWTH” feature of the HECM Credit Line would give him the security of an increasing supply of funds at his disposal.
In addition, his HECM Credit line can never be closed, reduced or frozen even if the housing market declines. George breathed a sigh of relief because he finally did not have to live month to month anymore and he has the security to live the retirement he always wanted.