Home Equity Legacy Plan
Consultations & Appointments

360.597.4314

CASE EXAMPLES:

Example 1

Example 2

Example 3

Example 4

EXAMPLE THREE - Elimination of Mortgage Payment

Mrs. M - Widowed - Age 69 of Torrance, California

After retiring, Mrs. M found out that her social security benefits and modest retirement was not sufficient to cover her monthly expenses.  Mrs. M contacted the Reverse Mortgage Specialist to find out how she could reduce her monthly cash out flow.

The outcome of these discussions solved a number of major concerns for Mrs. M:

- Upon review, the Reverse Mortgage Specialist was able to show her how to have her mortgage of $125,000 paid off with the Federal Housing Administration (FHA), Home Equity Conversion Mortgage (HECM).

- This enabled her to eliminate $1,800 in mortgage expenses each month.

- Now Mrs. M can utilize those funds for travel, entertainment, and household expenses.