Thank you Active Rain for helping me to help others.
I'm so excited to be helping a client this weekend close on their reverse mortgage refinance. Mr. F is 85 years old and still making $1500 house payments. (He refinanced during the boom to help his kids get into their own homes.)
His beautiful wife of over 60 years recently passed away he lost her social security income leaving him with just about $1,500 in income. The kids have been helping out until recently, job losses and the economy prevent them from doing enough. Mr. F's savings is just about gone.
The economy hasn't been good to Mr. A, but he always has a smile and loves his home of 32 years. He doesn't want to leave.
The reverse mortgage is going to payoff his existing mortgage, just barely. But that will leave him with no mortgage payment and a way to afford his living expenses. Using the Easter analogy, he will have a new financial life. What a great weekend to attend this closing!
His grown kids found me through my ActiveRain blog and studied it to get as educated as possible about the product. They are so happy that there is a way for Dad to stay in his home as they were just devastated to think he might lose it because he had helped them.
Deborah Nance
Your Local Southern California Reverse Mortgage Professional
Deborah
What a Good "Karma" story , you will be rewarded and rightly so.
Another ActiveRain success story. Good job Deborah. Good feeling knowing you made a difference.