March 22nd, 2021 10:25 AM by Anne James
Real Life Transaction!
Borrower Retired Due to COVID
Benefit of Reverse Loan:
· Paid off existing mortgage, saving $1,754 ($105,000 over 5 years!) in monthly payments*
· Cash Out $36,557
· Line of Credit for $93,521
· Paid property taxes at close saving $2,395.62 out of pocket**
· Closed in 45 days
Thinking about a reverse mortgage but not sure? Call me at 562-619-2058
Anne E James is a licensed mortgage broker with 25 years experience in lending. NMLS # 254859