Like a large percentage of people, borrower assumed Medi-Care covered long-term care. When she discovered it does not, she had no idea how she was going to afford help as she aged. When she spoke to her accountant, he informed her she could use a...
Borrower came across a wonderful investment opportunity but did not have the income to qualify for another property. By using a Debt-Service-Coverage-Ratio (DSCR) program we were able to use the market rent of the property as the only necessary qualifying income. Within a month our...
Mature couple no longer wished to live together but had no desire to go through a divorce. With a Jumbo Reverse Mortgage, borrowers were able to utilize a large portion of equity to purchase another property without having to sell their current home. They are...
We closed our client’s original HECM two years prior. Due to unforeseen family expenses, the borrower had nearly exhausted her line-of-credit. So that the client would once again have the security of having a line-of-credit she could lean on in difficult times, because of home...
Mature homeowner has a retirement account, but the cost of living was requiring that he take out more than the mandatory distributions. This was depleting his account faster than he and his financial advisor originally planned and was exposing him to sequence of returns risk....
Borrower’s spouse passed away and, due to a reduction in her social security benefits, she was no longer able to make a full monthly mortgage payment. Benefit secured a HECM (reverse) mortgage that not only allows the borrower to make whatever payment she wants every...