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In November, a friend of mine is going to be 70 years old. Though she is still working, her plan is to start slowing down. This can be challenging since she still has a $365,000 mortgage with a monthly payment of $1,785. Her solution: to get rid of her mortgage by reversing it.

After I inputted all her information into the computer, I received an approval for $335,000. She had a choice to come up with the difference or to wait for another year. The more advanced in age a person is, the higher the loan amount can be.


Please be advised:
All clients’ documents should be ready and prepared to submit to Lender ASAP! Any interest rate information published in this message is subject to change without notice and does not constitute a commitment to make any loan at any specific rate. Please contact Pacific Bay Financial for more information.


 

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Cheers,


Manny
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