Peter Bell
Peter Bell
add basically bought couple emergency harley income lifestyle money mortgage motorcycle ok pay people proceeds reserve retirement reverse security side supplement three types
I know one couple who at 76 and 75 used proceeds from their reverse mortgage and bought a new Harley Davidson motorcycle with a side car. There are basically three types of people who get these loans. There are need-based borrowers, who need the money to supplement what they are getting. There are security borrowers, who are getting by but want to add a reserve to pay for such things as emergency repairs. And there are lifestyle borrowers, who are doing OK on their retirement income but want to add some discretionary income.
boost dependence foreign gives less local provide service
We want to provide that service in a way that reduces our dependence on foreign oil, is less injurious to the environment, and really gives a boost to our local economy.