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When Is A Reverse Mortgage Beneficial? Ask This Client! (Part 3)

 

 

Scenario:         Borrower has lived in his house for all of his 80 years.  He grew up in this house and inherited it from his parents.  It’s now difficult for him to get up and down the stairs.  Plus, he needs help with cooking and housekeeping.  He’s retired and his financial resources are . . . → Read More: When Is A Reverse Mortgage Beneficial? Ask This Client! (Part 3)

When Is A Reverse Mortgage Beneficial? Ask This Client! (Part 2)

 

 

Scenario:         Borrower is retiring at 62 and his income will drop from his $100,000 per year salary to $40,000 per year.  He must remain in his home for another five to ten years before he can sell, at which time he plans to move to a retirement community down south.

 

PROBLEM:    . . . → Read More: When Is A Reverse Mortgage Beneficial? Ask This Client! (Part 2)

When Is A Reverse Mortgage Beneficial? Ask This Client! (Part 1)

 

Scenario:        Borrower and her husband have lived in their home for decades.  Their mortgage is almost paid off.  However, her husband has been battling early dementia and it’s getting worse.  She’s coming to grips with the reality that he will soon require a residential senior care facility.

 

PROBLEM:  She has some savings . . . → Read More: When Is A Reverse Mortgage Beneficial? Ask This Client! (Part 1)