Leonor was 73 her home was paid off, she had $20,000.00 in savings. She decided to sell her free and clear home which netted her $213,539.00. She purchased a home close to her family and friends for $255,000.00 she put $120,922.00 down payment the Reverse mortgage loan was for $134,078.00. This left Leonor an additional $92,617.00 dollars to put some in her savings account, buy some new furniture, she purchased and paid cash for a new car.
And she will never be required to make a mortgage payment.
Her son referred her to us, as he is financially secure and wanted his mother to
enjoy the balance of her life and have some fun!