SUCCESS STORY #3
Customer:
A 68-year-old widow with a home valued at $90,000 with no mortgage.
Problem:
This customer wanted to stay in her home, but it needed serious repair work including foundation repair and interior updating. She also needed funds to pay off debts.
What She Wanted From A Reverse Mortgage:
She wanted to be able to repair and pay off the mortgage on her home, as well cover her debts and feel more financially secure.
Solution:
Legacy Reverse Mortgage worked with the customer and her contractor to determine necessary repairs and their costs. We obtained an appraisal based upon the work being performed and the loan was put in place. The contractor was paid from the proceeds and the debts were paid off. This customer decided to leave remaining funds on the credit line and let it grow.
All of her goals were accomplished and she is now enjoying her repaired and updated home with fewer debts each month. |
