We Boosted Our Retirement Income
Chuck and Ruth purchased their Lawrenceville, Georgia, home 32 years ago when their kids were young. Fortunately, it’s valued at $250,000 and paid off.
However, Chuck needs a little extra assistance to continue living at home. But their retirement income doesn’t quite offer the cash flow necessary for in-home help, which costs them about $800 a month.
We receive $845
After speaking with an eReverse loan expert, they learn they’re eligible for a $145,000 loan, which they decide to take in monthly payments of $845. Now they can easily afford Chuck’s in-home care. Plus, the kids and grandkids now come to visit instead of help.
* Stories are hypothetical and for illustrative purposes only. Each client’s situation is different, so please consult your reverse mortgage expert.