Page 1 - AAG079_High-Value Open House flyer

Why Settle When You

Can Get More?

Own a beautiful home

valued at $500,000 for a
one-time initial payment

of only $273,684! 13

If you’re 62 or older, you can use a Home
Equity Conversion Mortgage (HECM) for
Purchase to buy the home you want —
not the one you’ll settle for.

Loan Specifics 25 Ways a HECM for Purchase Could Work for You

3 Available to those age 62 and over Age of Younger Borrower
(eligible non-borrowing spouse may Purchase
be under age 62) Price 62 65 70 75 85

3 No monthly mortgage payments* $300,000 $182,618¹ $175,571² $166,418³ $158,618⁴ $130,418⁵

3 Minimal income and credit $400,000 $242,132⁶ $234,132⁷ $220,532⁸ $210,132⁹ $172,532¹⁰
requirements $500,000 $300,684¹¹ $290,684¹² $273,684¹³ $260,684¹⁴ $213,684¹⁵

3 FHA-Insured $700,000 $417,643¹⁶ $403,643¹⁷ $379,843¹⁸ $361,643¹⁹ $295,843²⁰

3 Borrower(s) remain solely on title** $1,000,000 $707,404²¹ $692,874²² $668,172²³ $649,282²⁴ $580,989²⁵
Estimated Down Payment
3 Closing costs may be financed into
mortgage From the top row, select the age nearest that of the youngest borrower. Then match it
with a projected home purchase price, on the left, to estimate your initial payment. Exp: A
70-year-old’s estimated initial payment on a $500,000 home would be $273,684. 13
*Borrower must continue to pay property taxes
and homeowners insurance, maintain the home,
and otherwise comply with the loan terms. Check out how much you can get with
**As with a traditional mortgage, the property just a one-time initial payment!
would still be subject to a lien.

Contact me today to learn more!

SEE REVERSE SIDE FOR IMPORTANT DISCLOSURE INFORMATION AAG079