Retiree Uses a Reverse Mortgage Loan to Buy Her Dream Home and Establish a Line of Credit for Home Improvements

After Cathy’s husband passed away, she felt she owed it to herself to pursue her life goal of living by the ocean. Her financial advisor recommended that she buy a new home with a reverse mortgage for purchase (H4P) loan, and Cathy couldn’t be happier with the results.

She purchased a home by the ocean that is more expensive than she could have otherwise afforded. Also, she can use her HECM line of credit for home improvements or unexpected expenses.

Cathy says, “I step out to my window and see the beautiful dunes and Point Sal. And I just feel so grateful to be where I am. I mean, it’s been a seamless, wonderful experience.”

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