Posted - October 14, 2014
Seventy-two-year-old Louis Cooper and his wife Connie own a beautiful California home nestled in the warm suburbs of North Hollywood. They’ve delighted in many summers lounging in the sparkling blue pool in the back yard. About seven months ago, they closed on a reverse mortgage for their home, and since then, they’ve been enjoying life. In fact, they are enjoying their reverse mortgage so much, they are getting another one!
“I’m in the process of refinancing our reverse mortgage,”Read More...
Posted - September 2, 2014
63-year-old Loretta Zerillo can hardly contain her excitement. Her carpenter had just finished installing a beautiful brand new door and replacing the old wood of her home’s gorgeous side deck.
“I love it!” she gushes. “I don’t know why I didn’t do it earlier!” She pauses. “Oh wait, I do know why. It’s because I didn’t have enough money to do it earlier!” She laughs. “But now I do!”
Loretta had recently closed on her reverse mortgage loan and is enjoyingRead More...
Posted - August 18, 2014
As of last month, Paula Hodges and her husband David had signed all the necessary paperwork, collected all the necessary documents, completed all the necessary steps, and did everything they needed to do in order to get a reverse mortgage. They did everything except one thing: turn age sixty-two.
“This is the first time in my life I’ve ever wanted to be older than I was,” laughs the now 62-year-old Paula Hodges as she celebrated her long-awaited birthday lastRead More...
Posted - July 8, 2014
If anyone has a reason to be sentimental about their home, it’s 76-year-old Duane and 74-year-old Ruth Riley. Sitting on the banks of a beautiful and serene pond in Amery Wisconsin, their home was built completely from scratch for them by their carpenter son. From the baseboards to the rooftop, their home is the epitome of a labor of love.
So when they thought they may have to sell it and downgrade to a smaller home, it was no surprise that they could not find any home that lived up toRead More...
Posted - June 9, 2014
Sixty-nine year old Sunny Radebaugh owns a beautiful home in the midst of the Alaskan wilderness. It sits high on a hill with a view of the frosty landscape that is more breathtaking than you can ever imagine. Her property is also right smack in the middle of an animal migration route. At any moment, a moose or bear or other wildlife could saunter through her front yard. And Sunny Radebaugh wouldn’t have it any other way.
Unfortunately, there came a difficult point in time whenRead More...
Posted - November 12, 2010
Robin Mile, a recent reverse mortgage borrower, says that he was initially resistant to the loan, but so far all previous fears have proven unfounded.
“It was salvation for me,” the 70-year-old Pikesville, Md., resident said to the NY Daily News. “I just wish that more seniors weren’t so afraid of it.”
Recent changes in reverse mortgage loans mean that it is now cheaper and safer to do. Reverse mortgages can provide flexibility and security to many seniors in need.