Here's a short story about an old couple who were left alone by their kids and other family members. After working for decades to raise their family, all they had left were debts and mortgages that seemed impossible to pay off because they could no longer afford to do so. They had nothing but their home, which they loved because it was full of memories.
Hope came in the form of Reversed Mortgage, and when they found out about it, they moved their pride and self-esteem so they could keep living for as long as they could.
Usually, I would say that my cells were getting old and take a pill to help me fall asleep. It was different this night. I was calm and at ease. When everything else failed, Reverse Mortgage gave me hope. My 34-year-old wife was sitting next to me with her head on my tired, sagging shoulder. Having taken care of a big family for many years, I felt deep sadness when I thought about how the chatter and laughter that used to be heard all day and late into the night had been replaced by a numbing silence.
A few months ago, when I turned 67, there were no birthday wishes or cards in the mail. We have had to take care of ourselves for the past few years because our three children and other family members don't care about us. Even though I had already retired, I had to look for work because my debts and mortgages were getting worse.
I couldn't work long hours because my health was bad, so I had to quit after a few weeks. We asked our children for money because we couldn't pay off my debts or our mortgages. No one was willing to give us any of their money. Social security didn't come close to meeting our needs. We only had our home and everything in it to call our own.
Before a few weeks ago, my wife and I thought that selling our house was the only way we could get out of this financial mess. We didn't want to give it up because it held so many memories, but it seemed like we had no other choice.
When we were about to put our house up for sale, a close friend gave us some good advice at just the right time. He suggested that we choose Reversed Mortgage. At first, the word "mortgage" turned us off, and we refused to listen. When he insisted that we trust his opinion, we gave in.
When he told us we didn't have to sell our house, we felt better. We could stay there for as long as we wanted without having to pay back the loan. We could also sell the house at any time. We don't have to have any money or credit either!
He took us to see a counsellor about Reverse Mortgages, who told us more. We were told that I wouldn't have to worry about making payments every month. There were also different interest rate options, and I could use the money I got from the Reversed Mortgage for whatever I wanted. I could get the money all at once or in instalments every month, or both.
We thought this was an interesting chance, so we decided to find out as much as we could about it.
Since I own my home and am over 62 years old, I can get a Reversed Mortgage, I was told.
Even though my first worry was that my debts would go up while my equity went down, the counsellor helped me see that my equity would go up over time as the value of the house went up.
Since more than 300,000 seniors choose Reversed Mortgage, it seemed like a good option for us as well. I could even use the mortgage fund to pay the different loan fees.
Well, we saw that this building did have some problems. For example, we may have to pay back the loan if we don't pay our property taxes, keep the house in good shape, or keep it insured.
After all the research and counselling we did together, we decided to go with a Reversed Mortgage. After weighing the pros and cons, we decided that this was a much better solution than selling our house or looking for a loan somewhere else.
I hugged my wife tight and let out a sigh of relief. She looked up, and when she did, I saw hope in her grey eyes. It came back to me from mine. As we smiled at each other, we knew we had reached another important point in our lives together. This time, we didn't have to worry about anything.
