The first 40 years of marriage were healthy and happy for Keith and Mabel.
Fixing and flipping homes brought great joy and considerable wealth. They saw no hardship in living in the homes they renovated, sold them and moved to the next. The last house they decided to keep. They paid off the mortgage some time ago.
Now they were retired and Mabel suffered from a chronic and debilitating disease.
The funds they set aside for retirement were just about exhausted due to the high cost of in-home care for Mabel. Keith was beside himself.
Keith concluded they were stuck. His own health was now at risk because of all the stress. He could not refinance the home, they weren’t working anymore. If he sold the place, they would have to rent somewhere. Sooner or later, they would run out of money.
They consulted their attorney, who suggested a Reverse Mortgage to solve their dilemma.
Keith and Mabel arranged a Reverse Mortgage to provide monthly payments, to them from the mortgage company, for as long as they lived in the home. The monthly payments more than covered the in-home care, so they had some extra to pay bills.
1- The Reverse Mortgage utilized home equity to provide monthly income for in-home medical care.
2- No monthly mortgage payment.
3- Peace of mind.
CALL ME FOR A FREE CONSULTATION TO DETERMINE IF A REVERSE MORTGAGE MAY BE OPTIMAL FOR YOU, YOUR FAMILY OR FRIENDS
(909) 273-5556 / (760) 407-6740
HOME FINANCING, INC.