LONG-TERM CARE INSURANCE POLICY
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…
INVESTMENT PROPERTY PURCHASE
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)…
PURCHASE ADDITIONAL REAL ESTATE
Mature couple no longer wished to live together but had no desire to go through a divorce. With a Jumbo Reverse Mortgage, borrowers…
PROTECTING RETIREMENT ACCOUNTS
Mature homeowner has a retirement account, but the cost of living was requiring that he take out more than the mandatory distributions. This…
INCREASED LINE-OF-CREDIT
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…
NO LONGER ABLE TO MAKE PAYMENT
Borrower’s spouse passed away and, due to a reduction in her social security benefits, she was no longer able to make a full…
ASSET DEPLETION/LOW RATE
Borrowers with limited income on paper, but an abundance of assets wanted to purchase a new home. Because of a slight credit blip,…
COUNTY CONFORMING LOAN LIMITS RISE
We facilitated borrower’s jumbo purchase loan in the previous year. Because the high-balance conforming loan limit increased above the borrower’s loan amount, we…
3 MONTH BANK STATEMENT PROGRAM
Borrowers have owned a successful business for over 25 years and own a multimillion-dollar home with a jumbo loan that needed to be…
Benefit Mortgage Helped Us Fight Fraud
Clients were previously turned down for a reverse mortgage because of a fraudulent claim on their title. We assisted the clients in removing…
