Finding the Right Fit: Why All Mortgage Brokers are Not the Same
Linda had done her homework, but when she called a number from a flyer, she felt like just another number. She needed a partner who would take the time to ensure she had every one of her reverse mortgage questions answered.
The Story: A Second Chance at a First Impression
Linda first met Kim Dodge at a real estate seminar and walked away with a wealth of information. However, when it came time to actually explore a loan, she misplaced Kim's info and reached out to a different broker from a flyer she’d received.
The experience was disappointing. Linda felt misunderstood and rushed, and she still had dozens of questions. Remembering that all mortgage brokers are not the same, she tracked down Kim and Cheryl Teigen. This time, the experience was different. Kim and Cheryl took the time to walk through real-world examples until Linda felt 100% confident.
"Thanks for being so careful with your answers to all my questions. I am so pleased." — Linda
The Financial Challenge: Solar Panels and New Dreams
Linda and her husband had recently upgraded their home with solar panels. While they knew it was a great long-term investment, the immediate bill was putting a squeeze on their monthly budget.
Additionally, they had a dream: they wanted to help their son jumpstart his new business. With their home value significantly higher than when they took out their first reverse mortgage, they wondered if a HECM to HECM Refinance could help them accomplish both goals.
The Solution: Tapping into New Equity
By working with Kim and Cheryl, Linda was able to refinance her existing reverse mortgage to take advantage of her home’s new $485,000 appraisal. The results provided exactly the "breathing room" they needed:
Debt Payoff: They paid off the old reverse mortgage balance.
Immediate Cash: They took a $17,000 draw at closing, which covered the solar panel costs and provided the seed money for their son’s business.
A Growing Safety Net: They now have an additional $40,000 available in a Line of Credit for future needs.
Linda finally has the peace of mind she was looking for. She knows she can handle today's challenges and is prepared for whatever comes next.
What to Do Next
Kim and Cheryl’s wealth of knowledge is so respected that they even teach other industry professionals about how seniors can use home equity. If you want a team on your side that prioritizes education over a sales pitch, give us a call. We are here to make sure you get your questions answered so you can stay Retirement Ready.
Contact Kim Dodge and Cheryl Teigen:
Telephone or Text: (503) 595-1600
Email: Hello@KimDodgeReverse.com
Licensed in Oregon & Washington, Kim Dodge, Branch Manager | NMLS 186099 | Cheryl Teigen, Loan Officer | NMLS 2089085 | Kim Dodge Reverse Mortgage, a dba of Zyng Mortgage, Inc. | NMLS 76801 | Equal Housing Opportunity | ConsumerAccess.org