Page 1 - WSAAG061_Ways to Use a Reverse Mortgage

Are you a homeowner, age 62 or over?
Consider a Home Equity Conversion Mortgage (HECM) loan, a versatile
retirement funding tool, to convert your home equity into cash!

Could you use additional funds to retire better?

HECM loan proceeds can be used in a variety of ways:

n Eliminate monthly mortgage n Set up transportation n Travel to visit family and old friends.
payments. (Borrower must arrangements for when you are no
continue to pay property taxes, longer comfortable driving. n Fill the gap in your retirement plan

homeowner’s insurance, and caused by lower than expected
maintenance costs.) n Pay for long-term health care returns on your assets.
needs.
n Plan for the unexpected by n Delay taking Social Security
2
maintaining a line of credit that n Pay for health insurance during benefits , increasing monthly
grows over time. early retirement years until payments later in life.
Medicare eligible at 65.
n Strengthen your cash flow by n Pay off credit card and other high-
1
getting a monthly payment for life . n Combine life tenure payments with interest bills.
Social Security and income
n Modify your home to generated by assets to replace your n Cover monthly expenses
accommodate aging in place. salary. between jobs without utilizing
savings or other assets.

n Convert a room in your home n Maintain a standby cash reserve
into a living area for an aging family to get you through the ups and n Purchase health-related technology
member or caregiver. downs of investment markets. that enables you to be more
independent.

n Cover monthly expenses and hold n Pay for short-term in-home care
onto other assets, while their value or physical therapy following an
continues to grow. accident or medical incident.

I am your reverse mortgage professional.
Call me today to learn more!

1 Available with Tenure-Based or Modified Tenure plans, so long as Borrower does not default on the loan. Borrower must maintain home as principal
residence, pay all property taxes, homeowner’s insurance, maintain the home, and comply with all other loan terms. With Modified Tenure plans,
lender will set aside a specific amount of money for a line of credit.
2 Social Security benefits estimator available at www.ssa.gov/estimator.
See reverse side for important disclosure information.

WSAAG061