Retired Homeowner Uses His Reverse Mortgage to Combat Inflation, Pay His Bills and Enhance His Lifestyle

Jeff is a retiree living in Grover Beach, California. Over the past few years, he found that inflation outpaced his social security payments and pension.

Jeff took out a reverse mortgage loan to eliminate his monthly mortgage payments, leaving him with just property expenses such as insurance, taxes and home upkeep.

By freeing up the money that would otherwise have gone to his mortgage, he paid off his credit cards and bills and was able to treat himself.

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