WHY PEOPLE CHOOSE TO GET A REVERSE MORTGAGE
Could this be you or someone you know?
Veronica
88 years old
After paying off a huge mortgage had over $100,000. It kept her in the home well into her nineties.
Leroy
77 years old
Only wanted to spend his time painting and wanted to stop taking money from his brother.
Victor
83 years old
Paid off $60,000 in tax liens as well as $80,000 in judgments.
Shelley
86 years old
Paid for 24/7 home care.
Joan
86 years old
Paid off a $300,000 mortgage her late husband took out to save a troubled business and put money in her pocket to fix up her house.
Virginia
91 years old
Was able to stay in her home. Her daughter made sure she got the reverse mortgage before she ran out of money.
William
75 years old
Sold his out of state home and used the profit to purchase a home in the suburbs. He then reimbursed himself for most of his outlay with a reverse mortgage.
Helen
63 years old
Received peace of mind, as she utilized the line of credit option to create a forced “savings account” that will grow tax free. (Her credit limit was merely increasing). She intends to retire in 4 years.
Patricia
71 years old
Gave a gift to her 2 children and 4 grandchildren and had plenty of money left over for herself.
Peter
72 years old
Couldn’t wait to get the reverse mortgage because he wanted to purchase a new car.
Wanda
69 years old
Took a load off her shoulders when she paid off her mortgage and 30,000 in credit card debt.
Phyllis
65 years old
Booked a trip to Europe. This was the promise she had made to herself.
Ralph
79 years old
Set up a college fund for his 2 grandchildren and watched his financial worries go away when his tax liens were paid.
Mary
77 years old
Refurbished her 30 year old kitchen and put in a new bathroom with some of the proceeds from her reverse mortgage.
Barbara
71 years old
Stopped a mortgage foreclosure, and had enough money left over to supplement her monthly shortfall.
You are limited by your imagination as to what you can accomplish with your reverse mortgage
Wonderful article. Very Powerful!! Thanks
Posted by: Theodore Naber | December 03, 2007 at 06:35 AM