The Smith’s
Mr. Smith retired from a government job and had a meager
pension. In order
To pay off debt and make their lives more comfortable Mr.
Smith took out a reverse mortgage. At
the time Mrs. Smith wasn’t 62 so she couldn’t be a part of the loan.
Once she turned 62 it would be important for her to be put
on the loan so that if something happened to Mr. Smith she wouldn’t have to
settle the loan.
Last year Mr. Smith was diagnosed with terminal lung cancer
and Mrs. Smith hadn’t applied for a reverse mortgage to put her name on title.
The Smith’s called me to see if I could help because if Mr.
Smith passed away Mrs. Smith would have to sell her home. She wasn’t working and couldn’t afford a
house payment. I did an application with Mrs. Smith and all went well and the
loan closed. Now Mr. Smith and Mrs.
Smith can enjoy their remaining time together without worrying about Mrs. Smith
having to sell their home and find a new place to live.
The reverse mortgage was a wonderful tool for the Smiths to
get the money they needed to live while never having to make a payment on their
fixed, limited income.
This is why I do what I do and love it. I improve the quality of life for seniors
and help them to Age in Place.
No comments:
Post a Comment