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Choose the Best Purchasing Plan

for Your Home

Purchase Plan #1 Purchase Plan #2 Purchase Plan #3

Pay APPROX HALF CASH

Pay cash in full with a HECM for Purchase Traditional 30-year fixed
(Home Equity Conversion Mortgage) mortgage

No monthly mortgage No monthly mortgage payment* Mandatory payments
payment for 30 years

Depletes savings MORE CASH IN SAVINGS More cash in savings, but
(“house rich, cash poor”) RETIREMENT / ASSET LIQUIDITY less money monthly due to
mortgage payments

DOUBLES BUYING POWER Buying power dependent
Limited buying power
Compared to plan #1 on income

*Borrower must pay property taxes, homeowner’s insurance, and home maintenance costs.

Purchase Plan #2: FHA-Insured HECM Loan

SALES PRICE $200,000 $300,000 $500,000

Age Estimated Cash to Close
62 $123,003 1 $182,276 5 $299,573 9

65 $119,003 2 $176,276 6 $289,573 10

70 $112,203 3 $166,076 7 $272,573 11

75 $107,003 4 $130,076 8 $212,573 12

Call me today to learn more!

SEE REVERSE FOR IMPORTANT DISCLOSURE INFORMATION AAG030