SUCCESS STORY 1

John is a widower, age 68, who lives alone. He would like to remain in his home but is having trouble keeping up with the mortgage and other payments. His home has a value today of $250,000 with a mortgage of $40,000. His monthly mortgage payment is currently $611.

With his social security income and his pension, he falls short by almost $200 per month.

The solution for John was a new reverse mortgage for $142,000 which paid off his existing mortgage. John chose to receive about $585* per month (for life) from the reverse mortgage lender.

Since John's old mortgage was paid off, he now saves the $611 per month he was paying for that mortgage and receives $585* per month. That monthly difference of $1196 has vastly improved John's life.

*INCOME TAX FREE-PLEASE CHECK WITH YOUR TAX ADVISOR!

SUCCESS STORY 2

Bob and Mary, ages 82 and 80 respectively, take medication and physical therapy treatments to maintain optimum health. As the cost of prescription medications have continued to rise, they find it difficult to pay their health care expenses and the things that gave them quality of life. Their home has a fair market value of $375,000 and there is no mortgage.

They decided to get a reverse mortgage for $250,000. They still have no mortgage payments. They now receive a monthly check of $1,800 from the reverse mortgage lender and can easily pay for their health care costs and together enjoy a variety of pleasurable activities.

SUCCESS STORY 3

Frank (age 63) and Nancy (age 65) want to spend more time travelling with their grandchildren. They don't have the extra money to pay for travel expenses. They do have a home with a current value of $260,000 and no mortgage.

They take out a reverse mortgage of $150,000 which will provide them with an extra $850 monthly that will supplement their social security and pension income and provide the travel money for trips with the grandkids.

SUCCESS STORY 4

Bob, 73, and Cheri, 71, have no significant debts and are living comfortably on their social security and pensions. Whey would, however, like to help with their grandchild's college tuition. They need extra moneyh to take care of that. They do own a home worth $500,000, which has no mortgage.

Bob and Cheri apply for a reverse mortgage credit line allowing them to write checks for a total of $315,000. They then make annual gifts of $13,000 to each grandchild (for a total of $26,000 per year).