After Cathy’s husband passed away, she felt she owed it to herself to pursue her life goal of living by the ocean. She used a reverse mortgage loan to not only purchase her dream ocean-front home, but also establish a line of credit for future expenses.
For most homeowners aged 62 and older, home equity represents the largest portion of their overall net wealth. Three common home-equity-release loans available today for senior homeowners are the Home Equity Line of Credit (HELOC), Home Equity Loan (HEL), and the Home Equity Conversion Mortgage (HECM).
Rebecca’s reverse mortgage loan provided much more than financial freedom, it covered unexpected medical expenses and provided funds for a variety of projects.
Kathleen Scarcelli is a long-time resident of Scottsdale, AZ, and entrepreneur. Her husband passed away, which left her in a difficult position.
Jim is a retirement-aged Realtor who believes that the Home Equity Conversion Mortgage (HECM) loan has freed him financially and thinks that every homeowner of qualifying age should use one too.
When inflation outpaced Jeff’s social security and pension, he used a reverse mortgage loan to free up cash, pay off debt and treat himself.
Jim, a retired financial advisor, and his wife did their homework on reverse mortgage loans, and are very happy that they have one. Jim’s sister was struggling to make ends meet—hear why Jim recommended a reverse and how it improved her life.
Mitch and his wife Evaly used a reverse mortgage loan to provide a financial buffer for market downturns, and believe that it’s a move that other people should make as well.
Tod is a retired financial advisor who built wealth in multiple income streams throughout his career—hear how he uses his reverse mortgage as a financial buffer.
Best-selling author and speaker Joe Jordan was once highly skeptical of reverse mortgage loans—hear in his words why he’s become a major advocate.