The house that Mario built.
They both love the home that Mario built with his own hands 50 years ago, and now it was almost fully paid for. As Mario and Veronica put it, “Every time we thought about selling the house, we would ask ourselves,where do we move to? We love this place.”Selling their house was not an option, but they couldn’t get the equity out without an income. They spent over a year and half looking at a variety of financial options, but none were attractive to them.
It wasn’t until they learned about FAR’s jumbo reverse mortgage options that Mario started to understand this unique product as an answer to his needs.“When we first learned about a reverse mortgage, I only heard feedback about the negative things like you will lose your property.” says Mario, “Then time passes and priorities change, and my priority changed from not wanting to leave a big fat inheritance for my children, but to enjoy my golden years in the way that I really wanted to. And I said yes, this is the option—max cash out, no more bills, money in the bank, no more writing checks for equity.” And Mario’s parting words of wisdom, “If you’re like me, you work all your life and you want to go out with a bang, do it! It doesn’t change your life, but for the better!”