The usually independent Veteran applied to the government to give him a grant allowing him to make the necessary modifications to his home.

Waiting for close to a year with no end in sight, the client started looking at other options to finance the costs of the modifications. This is when the client called Reverse Ultra to get educated on the process of obtaining a Reverse Mortgage loan.

• Home appraised for $103,000
• Cash Available = $73,000
• Initial Interest Rate 4.33%
• Existing Mortgage of $22,000 was paid off
• Initial Cash Drawn by client $5,000
• Available Balance Growing in Line of Credit (LOC) $35,000

We closed on the Reverse Mortgage about 16 days after taking the initial application and the client had his money to use for the much-needed ramp construction. He cried when he was able to go out again and regain his independence.