Scenario 3:
Zhu, 77, and Ken, 75, had gotten into a predicament. They had medical bills piling up and were in danger of being foreclosed upon because they could no longer afford their mortgage each month. Their home appraised for $260,000 and they still owed $83,000 on their mortgage. After speaking with a reverse mortgage specialist, they found that they could receive their money in one of several ways:
| Lump Sum | $64,482 |
| Line of Credit | $26,240 |
| Monthly Advance | $171 |
Getting the money in a lump sum was the answer to their prayers. Not only were they able to save their home from being foreclosed upon by eliminating their monthly mortgage payments, but they were also able to get enough money to pay off their medical bills. They were also able to save some of that money in order to use for unexpected expenses in the future.
