After 27 years in his Grover Beach home, Jeff found himself facing a challenge many retirees know all too well: rising costs on a fixed income. With gas, electricity, and food prices skyrocketing over the past few years, his social security and pension just weren’t stretching as far as they used to. That’s when Jeff reached out to me for the fourth time in our long working relationship—and together, we found a solution that changed everything.”
In this testimonial, Jeff shares how a reverse mortgage eliminated his house payment, which was consuming half of his monthly income. Now, he’s not just paying bills—he’s actually able to enjoy his retirement. If you’re a homeowner struggling with similar challenges, Jeff’s story might resonate with you. Watch as he explains how this financial tool gave him the breathing room he needed to live comfortably again or read the transcript below.
Reflecting his reverse mortgage and improved retirement life, Jeff says, “So I’m able to not only pay my credit cards and pay my bills, I can actually maybe buy something extra. So it’s helped quite a bit.”
In Jeff’s Own Words:
“I live in Grover Beach, California. I’ve been in the house for about 27 years, since 1995. Basically I’m retired, so I had just my limited income. I have to base everything off of what I have social security wise and pension wise, so I had to live within that means.
As you know, the last two years, three years, everything has gone out of sight. Gas, electric, food—everything in the last two years has gone skyrocket. And the pension and the social security don’t really…
Leslie got me my first house here on the coast as well. I wanted something more, and Leslie was the one that got me into my first house. Throughout the last years that I’ve known him, he’s helped me three times, four times, get loans for various reasons. Each time I go to him because he knows what he’s doing. If he doesn’t, he finds out. He’ll go through research and find out what I need to do and what’s the best option for me.
So I looked at this, and what he presented was what I could do away with—the house payment. And that’s like half of what I was getting. So I’m able to not only pay my credit cards and pay my bills, I can actually maybe buy something extra. So it’s helped quite a bit.
The type of loan it is would be good for anybody that has issues with money or that is planning to do something—they need the extra income. I would think it’s a pretty good option to get one of these because it does free up… I don’t know what their house payments are or what their bills are, but it did free up enough. Well, actually about half of what I bring in each month was a house payment, so it freed up a lot.”
