Riverside Reverse Mortgage Client Story
By Deborah Nance, Southern California , Reverse Mortgage Specialist
(Orange County, Corona, Riverside, Los Angeles)
I love my job! I’m so excited to be helping a vibrant senior homeowner to complete her reverse mortgage. She has lived in her single story home since the early 80’s when she moved here to retire away from the often fogged in California coast. Her budget was tight but doable as she had taken advantage of deferring her property taxes. That particular option was taken away from her recently due to the budget problems the state is having. So, this year, she has to figure out some way to make her house payments and come up with about $200 extra a month to pay those taxes. She thought about asking her kids for help, but they are also struggling in this economy. She had some other options as well: Sell and rent an apartment. She doesn’t want that. Sell and move in with one of the kids. N...
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