Reverse Refinance Solution

- 71 year old (youngest) clients pay off $175K mortgage with 15 years remaining

- saves $1,287 per month (3.92%)

- $15,444/yr. = $231,660k total cash flow savings

  • - Secures home for either survivor

  • - 4.6% growth rate on $183k Line of Credit (LOC)

  • - Untouched, $183k LOC available in 13 years = $444,155

  • - Certified Financial Planner (CFP) estimate of qualifying amount was only $3 different

  • from final amount of loan

  • - Clients lived in home since 1981 – so never used Broker

  • - Kids told Broker about parents – very successful Reverse Mortgage close further

  • enhanced reputation of broker with kids & their spheres of influence