Reverse Mortgage Testimonials
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Long term health care insurance is expensive! We didn’t want to tap into our long term assets to pay for the premiums, so the Reverse Mortgage was the answer. We now have the piece of mind that we have adequate health care coverage and the extra money each month, should we need it, for in-home care-giver assistance. The mortgage process was easy and we discussed the program with our 4 children before making a decision. We receive $ 732.00 per month tax free, and also have a Line of Credit for $ 20,000 available to us. Certainly we had the confidence in dealing with Stu on this transaction, and trust him emphatically…………… it does help that Stu is also our eldest son. With our experience (and partiality) we wouldn’t hesitate to recommend Stu for your Reverse Mortgage needs.
Lee & Gladys Naar
Boynton Beach
Social Security and a small pension is OK but not enough to live on comfortably, especially with prescription medication costs being so much, so I heard about Reverse Mortgages and Stu Naar was mentioned to me at the Club House, so I called. When I heard that I could get $700 + every month , I couldn’t believe it! Stu set-up a three way conversation with me and my daughter in New York, answering all of our questions. My daughter did extensive research and decided that Stu was the right person for this loan. His company's fee's were the lowest around! This was one of the best decisions I’ve ever made. Thanks to Stu for answering our questions and being there every step of the way, and also after the loan was completed.
Ann P.
Delray Beach
It’s been very difficult since my husband passed away. He took care of everything for us, paying the bills and recommending how we save our money. We never anticipated the costs of prescriptions and the cost of living to rise so quickly. My friends told me about Stu and how the Reverse Mortgage may help. I had him discuss this with my daughters, and then we decided to move forward with Stu. My current mortgage was paid off and I receive
$ 505 per month. Instead of paying out $ 461 per month for my mortgage, now I save the $ 461 and receive $ 505 to use for my bills and living expenses. My husband would be proud of my decision.Mary F.
Boynton Beach
Having a comfort level financially has always been an issue for us for many years. We were always hard working people saving what we could for our retirement years. Now we have found it more and more difficult to keep up with the cost of living in South Florida, with higher property taxes, prescription medicine costs, medical bills and food costs. We have been scared about running out of money until we saw Stu Naar's ad for a Reverse Mortgage. Being skeptical at first, I started asking my friends about Reverse Mortgages and read as much information as possible.
With all the information we could find, we set up an appointment with Stu and he spent quite a bit of time answering every question we had, giving us a real comfort level that the Reverse Mortgage would be very beneficial to us. Stu cleared up the questions we had and made sure we had the facts. We wanted to have some extra cash in the bank so we wouldn't hesitate to go out to dinner with friends, or maybe go on a cruise and enjoy what we were missing for years. With no family and heirs to leave our property to, we have intentions of leaving our property to charity when we're gone. By the time we were done with our meeting we were confident that Stu was the right person to help us.
Being in our 80's we were amazed that we qualified for over $ 140,000 based upon the equity in our property. We felt like millionaires at the loan closing. We decided to take $ 43,000 + in cash to put in the bank, and designated $ 100,000 to go into a Creditline Growth Account that is earning over 7.00% in interest within the Reverse Mortgage program. There was no place safe that you could invest any money and earn that kind of interest! And the program is guaranteed by the FHA!
WHOW! Are we delighted? You bet we are. We are such advocates of Reverse Mortgages, that we are telling everyone about how Stu took the time to answer our questions, and put us at ease about the program. Yes, Reverse Mortgages are great for Seniors, but they're even better and easier to understand when dealing with our good friend, Stu Naar.
Leonard & Georgette Cohen
Boca Raton
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