The realization came to Ron on his 70th birthday while on a ski lift. Being outdoors is his greatest love, and he wanted to be able to explore Mother Nature and push his physical limits before he was too old. “I’m 70, guess what, I am not going to be here for another 70 years,” says Ron. “There may be some things you want to do before you get too old. If there are places that require outdoor physical activity, do it while you still can. At the end of the line, in ten years, you will have great stories to tell your families. Enjoy life now!”

Discovering the advantages and flexibility of a reverse mortgage loan made it a no-brainer.

Spending his entire career focused on numbers and finances, Ron has a binder full of research documenting every step of his reverse mortgage journey. The beauty that Ron found about this loan was, “It gives all the flexibility that anyone could want — all wrapped up into one.” Meaning that he could pay off his accrued interest on a monthly basis, making it an interest-only loan, or if he wanted to take a trip with friends or do some home improvements, he can do that too. Or he can work a little more and simply pay it off. Ron’s advice to others looking into a reverse mortgage is, “Enjoy life with your home equity instead of selling other assets.”

To Ron, one of the fascinating things he learned about a reverse mortgage was that his FICO score soared. He was able to pay off all his debts, including his credit cards, and had a score clear of any loans. “I look like I am an exceptional credit candidate, which is true. And I have the peace of mind knowing that I don’t have to pay my mortgage every month.”