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...
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...
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...
Clients were previously turned down for a reverse mortgage because of a fraudulent claim on their title. We assisted the clients in removing a falsified individual from their title, which enabled us to facilitate a reverse mortgage that gave them access to a $350,000 Line-of-Credit....
Clients were already in a HECM reverse mortgage, but they had used all of the money available in their line of credit and needed additional funds for living expenses. We were able to place them into a new Home Safe Jumbo reverse mortgage which increased...