We're happy to say that there was yet another reverse mortgage success story in the news recently. The Daily Progress reported on a woman in Charlottesvillle who obtained a reverse mortgage loan recently.
Here are the details:
- The woman is 75 years old.
- She had lived in her home nearly twenty years, moving there because she particularly liked the community around her.
- She had become accustomed to a comfortable lifestyle allowing her to make some nice purchases for herself.
- Starting to feel the money crunch, she became concerned about what she should do. Her son told her about the reverse mortgage.
- She opted for a line of credit and a monthly check to help her keep her home and maintain her lifestyle.
Learn the full story here.
All of these reverse mortgage success stories that are cropping up seem to point to the fact that this is an increasingly good option for people today.
Question of the Day: Can you point us in the direction of another reverse mortgage success story?
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