Testimonials
These are just a few of the stories people have shared with us about their reverse mortgage experience:
| I didn’t know how much longer I could drive a school bus, but with my mortgage payments, I didn’t think I could afford to retire. My reverse mortgage paid off my mortgage and created a monthly income for me to retire comfortably. Arlene-63, Puyallup |
| My son was going to lose his home to foreclosure. I was willing to sign a new loan for him but I didn’t have enough income to qualify for the payments. My reverse mortgage provided the money needed to payoff his home. I was able to help, without having to move and without needing to make monthly payments. Florence-86, Fircrest |
| I did not realize when I got my reverse mortgage that the balance would increase every month: English is my second language. When I explained this to my Loan Originator, he refunded his fee and got me a new conventional loan with a monthly payment I could afford. Very honest and nice people to do business with. Maria-78, University Place |
| I had so many credit card bills I was worried all the time. My reverse mortgage paid off my house, my credit cards, and left me a line of credit I can use when I need to do home repairs. Marshia-69, Auburn |
| The equity in my home was doing nothing, so I created a line of credit with a reverse mortgage that would allow the flexibility to do use what I wanted, when I wanted, with no concern about making monthly payments. Diane-64, Des Moines |
| We found ourselves running out of money because we never expected to live so long! With the cost of medicine, property taxes and insurance constantly going up, we used a reverse mortgage to create an income of $1,400 per month. Clarence-84, Buckley |
| Since I have a manufactured home, I didn’t know if a reverse mortgage would work for me. But since I also own the land, the reverse mortgage was approved- No more mortgage payments! Robert-77, Yelm |
| I could not believe how easy it was to get out from under the Home Equity Line of Credit (HELOC) loan that I had. Payments kept going up as I took more money out, and I could no longer afford it. My reverse mortgage provided a life with no payments and a small monthly income, because I also created a line of credit I could use for major purchases. Ingeborg-74, Bothell |
