Profile:
A couple in their mid sixties started to think about retirement. Their substantial nest egg was reduced by half because of the current financial markets and their mortgage payment was too big for retirement.

Need:
More income

Solution:
They replaced their $315,000 mortgage with a JUMBO reverse mortgage, paid their mortgage and home equity line off, plus received a check for approximately $400,000.

Result:
They were able to pay all cash for a small kitchen remodel and place the balance in savings. Most important now that they had no more mortgage payments, they were able to retire.

Note: The figures in the examples are approximate only and subject to change. The exact amount you qualify for is determined by the Jumbo plan selected, appraised home value limits, equity, interest rate, and age.