FOR BREAKING NEWS VISIT www.queenscourier.com august 15, 2013 • The Queens Courier 33 Case Study: Too much "Month" at the end of the "Money"… The Problem: Martha is 77 and a widow. She receives Social Security Income and a small pension from her husband's job. She has a mortgage of $167,000. After expenses every month, she falls a little further into "the red".The Solution: By performing a financial assessment we were able to reduce her mortgage payments to $0 and get an additional $63,000 to put in the bank to save for a rainy day. Due to the re-structuring of her debt, Martha now has an additional $1,107 in funds to spend plus money in the bank. Problem Solved! Find out more about Reverse Mortgages… - No credit check required Call me for a free consultation and analysis. Discover how a Salvatore Tomaselli President (NMLS#146932) (718) 457-4444 x 15 Registered Mortgage Broker - NYS Banking Department All loans arranged through third party providers - Co NMLS lic #148800 Her personal savings is dwindling and she has only 9 months until all of her funds are fully exhausted. Big problem…. If you are 62 years old and you own your own home you can: - Access cash tax free - No income check required - Pay off all your debt - Make no payments as long as you live in your home! Reverse Mortgage can help you achieve your family's financial goals.
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