Reverse Refi Solution
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- Reverse Refi Pays off $175k mortgage on favorite home:
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- Insures they can stay in home rest of their lives
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- Saves $1,218 per month ($14,616/yr. - $204,000 over 14 remaining years)
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- Also creates $152,000 LOC that grows 4.6% per year
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- Secures home for wife – no monthly payment to possibly miss and send home into foreclosure
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- Agent sells second home for net $404k after paying off $160k lien and eliminating $990/month payment
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- Children involved in decision think agent is hero & will be clients of hers for years to come