Consulted with a client, age 75. We are using the tax-free proceeds from a reverse mortgage to extinguish (pay off) her current mortgage and increase her cash flow by over $400 a month - that is a 30% increase in her cash flow. Done right - with her oldest son asking lots of questions. Both were pleased that she will have more than enough money to meet her monthly bills and needs, plus - an extra $7000 one-time for an emergency fund which she did not have. Here a reverse mortgage improved the quality of life for the borrower and then one who cares for her.
visit www.topflitereverse.com/florian to see what you qualify for
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