Reverse Mortgage Refinance Scenario #1
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- Ups Agent: “I had a client ask me about Reverse Mortgages yesterday”
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- Male client diagnosed with cancer and can’t work any more
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- Couple owns two homes both with mortgages
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- Want to stay in favorite home and insure wife can stay if he passes but considering selling both due to dual payments
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- Homes have values around $600k each
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- Agent: “I want to do what’s right for my client”