Bluegrass Reverse Mortgage

One client in Central Kentucky had to wait until his half birthday to get a reverse mortgage. The first time we talked he was short to close by $10,000. That means he would have to bring $10,000 to the closing. See the numbers are all based on your date of birth, interest rates, and value of your home. With the date of birth they base it on what age you are closest to. So if you are 65.5, you are counted as being 66. We waited until his half birthday and interest rates dropped a bit and we closed the loan. We eliminated the mortgage payment and improved their financial situation. They don't have to worry about ever making a mortgage payment again.