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Profile:
73 year old woman’s husband died after 50 years of marriage. Her retirement income was cut by $2,800 a month.
Need:
She did not want to sell her home. She loved her home and its memories. But it was impossible to maintain her home and make her mortgage payment on her reduced income.
Solution:
A JUMBO reverse mortgage on her home valued at $2,100,000 paid her $200,000 mortgage off and she received a check for approximately $500,000.
Result:
Peace of mind and she was able to help one of her children out financially.
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.
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