Home Equity Legacy Plan
Consultations & Appointments

360.597.4314

CASE EXAMPLES:

Example 1

Example 2

Example 3

Example 4

EXAMPLE ONE - Widowed With Reduced Income

Mrs. S - Age 73 of Portland, Oregon

Upon the death of her husband, Mrs. S found that the reduced benefits from her Social Security and Retirement Plan were not enough to pay her expenses.  Concerned about her well being, Mrs. Smith's children looked into the Reverse Mortgage program.  What they learned can assist similar households.

Mrs. S's home has appreciated in value creating equity of $300,000.  Mrs. Smith and her children presented this information to the Reverse Mortgage Specialist and he performed several computer calculations showing the benefits of three different plans, giving Mrs. S several options to choose from.  After discussing which program best works for Mrs. S, a plan was chosen and implemented.  The following is the rational for the plan chosen.

Home Equity of $300,000 created a sum of Benefits that gave Mrs. S:

- A cushion of $50,000 in Reserve.

- Additional mo. income of $520.00 added to here Social Security income of $430.00 and Pension benefits of $380.00

- Now her total monthly income is $1330.00