|
|
Profile:
78 year old widow has a $48,000 derived from pension, savings, and social security.
Need:
She had some health problems two years ago that required in home care. The cost was approximately $7,000 a month. Her savings were almost gone.
Solution:
By selecting a JUMBO reverse mortgage on her home valued at $1,900,000 she was able to receive a check for approximately $750,000.
Result:
Peace of mind that there is enough money to pay for in home care for many years to come and she does not have to go into a nursing home.
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.
|