Case Studies
Learn how others have been helped with Reverse Mortgages. On this page are a few of Case Studies that illustrate some of common uses of the new reverse mortgage program.
Have questions? We have answers.
We love helping – extra income success
Happy ending for Bob! His current mortgage was paid off and that eliminated his monthly mortgage payment. All he needed to do moving forward was to pay his tax and insurance payments each year (plus any other property charges and maintenance expenses). He got the $30,000 at closing to make the house livable again, and he received an additional income of $915/month.
Now Bob has an income of $2115/month, and he doesn’t have to make any awful decisions each month. The golden retriever is well fed. Bob still has his nest egg of $60,000. Bob even decided to treat himself to cable TV, after 5 years without. Bob is happy again. Be like Bob!
