Customer Testimonial: Reverse Mortgage Provides Peace of Mind After Medical Emergency and Funds Home Improvements

Homeowner’s Reverse Mortgage Provides Peace of Mind After Medical Emergency and Funds Home Improvements

Rebecca and her husband got a reverse mortgage for financial freedom and relief from their monthly mortgage payment. They just wanted a little extra cash—but that decision became a godsend when her husband had an aneurysm shortly after.

The reverse mortgage gave them the financial cushion they needed to cover unexpected medical expenses during a critical time. Now recovered, they’re using their reverse mortgage funds to make long-awaited home improvements, including a new front yard, an upcoming roof replacement, and backyard renovations.

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As Rebecca reflects: “The benefit of being able to take that old mortgage payment and invest it in yourself or into things that you want to do has some real value to it. Honestly, I kind of wish I would’ve done it sooner to be able to have that extra income sooner!”

Video Transcription:

Rebecca Rose Madden

The reverse has really given us a peace of mind for sure, and more freedom.

The relief from the mortgage payment, big help for us.

We just wanted a little extra cash, which ended up being a godsend because shortly after my husband had an aneurysm. So that really came in handy for us to cover our expenses during that time.

It’s really given us the opportunity to do the things in the home that we have not been able to do.

Leslie was recommended to us by another friend and we refinanced our house through him. Leslie is great.

He tries to cover all your bases for you. Different scenarios he will bring forward that maybe you hadn’t thought of. And then he really is. Leslie’s really good at explaining the whole process and walking you through the whole steps, all the steps.

We just redid our front yard. We will be needing a new roof soon, so that money will come in handy. We’d like to redo the backyard as well.

The benefit of being able to take that old mortgage payment and invest it in yourself or into things that you wanna do has some real value to it.

Honestly, I kind of wish I would’ve done it sooner to be able to have that extra income sooner.

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