Homeowner’s Reverse Mortgage Loan Provides Financial Security for Medical Expenses and Funds for Home Improvements
Rebecca and her husband got a reverse mortgage loan for financial freedom, as they wanted to eliminate their monthly mortgage payments. With their reverse mortgage, they only have to take care of property expenses such as insurance, taxes and home upkeep.
Shortly after they received their reverse mortgage, her husband had a serious medical emergency, and they were grateful to have the extra cash to cover the unexpected medical expenses.
Now, they’re using their reverse mortgage to make home improvements. Rebecca says, “Honestly, I kind of wish I would’ve done it sooner!”