Seniors
We Have Helped!
Parents Helped Children Buy a Home:
Couple took out a $200,000 Reverse Mortgage and gave their four children $50,000 each to buy their first homes. It was a wonderful feeling to be able to help their children with this life-changing gift.
Husband, Near Death, Saved Their Home:
The husband needed to work to stay in their home, then diagnosed with only a year to live. A Reverse Mortgage eliminated their monthly mortgage payment, allowing the wife to keep their home for the rest of her life.
$2,800 Mortgage and Only $1,400 Income:
72 year old waitress, with a bad knee, had 3 mortgages on a $124,000 home, a payment of $2,800, and only $1,400 income. Her Reverse Mortgage eliminated her mortgage payments and put $12,000 in her pocket.
Children’s Financial Aid No Longer Needed:
With a Mortgage of $850 and Social Security income of $827 this woman relied on aid from her children. Her Reverse Mortgage put $110,000 in her pocket, stopped her mortgage payment, now she travels worldwide.
Health Care Needed Because of Alzheimer's:
82 year old wife with Alzheimer's was draining the energy out of her husband and children. Their Reverse Mortgage allowed them to hire professional care-givers to help relieve the exhausted family members.
Bought Two Homes for Rental Income:
Couple took out a Reverse Mortgage and used the funds to buy two rental properties. Now they have no monthly payments, on all three homes, and an additional $2,400 income each month.