“We wanted to take the pressure off us.”
After enjoying successful careers as entrepreneurs, Keith and Julianne started to evaluate where they were in life and the expenses needed to maintain their lifestyle.
With a home overlooking The Sunset Strip, Keith and Julianne have seen a world of opportunities.
With a long career of working together, raising a son, and entering 40 years of marriage, these two have a fun banter and playful chemistry as they navigate the next chapter of their lives. Julianne has been a talented artist throughout her life, writing music for the entertainment industry, while also working with Keith in their LA based event production company.
Over the past 8 years, Julianne has found her true passion as an artist and is at the high point of her career with over 25 national and international museum exhibitions to date. As they began to look toward their future and earning potential, they began to look at their life from a different lens. “We came to terms with where we were in life in a deeper way. And asked ourselves, what do we want to do with the time we have left?” says Julianne. “I wanted to move and leave California, but I didn’t have an answer for where I wanted to go. But we had pressures on us to make the same kind of money to support the lifestyle we had gotten used to.”
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“If we wanted to continue living the lifestyle we were living, we needed to do something drastic, like move out of the house or live differently.”
Looking toward the future, taking the financial pressure off gave them time to weigh their options.
As Keith began to explore their financial options, his accountant suggested he look into a reverse mortgage as their home had seen tremendous market value growth in the last couple of decades.“When Keith presented the idea to me, the first thing I thought was ‘this is not for people like us,’ I always thought it was for older people,” laughs Julianne,“but here we are!”
The biggest benefit they saw was that the reverse mortgage option gave them ability to stay in their home, not have to pay the big mortgage payment and continue living their lifestyle.“The reverse mortgage option we selected allowed us to take a little cash out.We just wanted the loan so we could have financial security and alleviate us from the monthly payment,” explains Keith, “Our property is in a great area that continues to go up in value, sothe appreciation offsets the cost of the mortgage.”
As Julianne put it, “Do you know how exciting it is for me to be able to have Keith join me at my art exhibitions around the world? This is huge, and I wouldn’t have been able to do it if it weren’t for this! I am so grateful.”
“We are going to celebrate our 40th anniversary and take a cruise, or maybe a train trip…”