I was referred to Alex who was concerned about the financial status of his frail 77 year old ex-wife Ginnie. She had informed her family that she was running out of money but no one knew exactly what that meant and she would not explain.
Alex and I met for two hours and I explained how reverse mortgages work. Next Alex and I met with the couple's adult son for an hour and I again explained how reverse mortgages worked. He gave me insight into his mother's situation as well as the fact that she hated reverse mortgages. I gave him a copy of my bio and some references and suggested he ask her to just meet me for an hour.
Months later she and I met; I assured her that anything we discussed would stay strictly between us. I gained her trust and confidence and an hour meeting lasted three hours. We did a budget and I showed her that even with a reverse mortgage she would have to change her spending habits in order to make her money last for the next 10 to 15 years.
I returned three weeks later; we applied for a reverse mortgage and I introduced her and her son to a certified retirement planner who helped her with an investment and budget strategy.
She now has a life plan and funding portfolio that she will NOT outlive.
These are real stories about people like you who have benefited from a mortgage program designed by Marc Gertz. Only their names have been changed or omitted.