Page 1 - WSAAG061_Ways to Use a Reverse Mortgage Flyer

Could you use additional funds to retire better?

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! HECM loan

proceeds can be used in a variety of ways:

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c Eliminate monthly mortgage payments. c Maintain a standby cash reserve to get you
(Borrower must continue to pay property taxes, through the ups and downs of investment
homeowner’s insurance, and maintenance markets.
costs.)
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c Pay for short-term in-home care or physical
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c Plan for the unexpected by maintaining a line of therapy following an accident or medical
credit that grows over time. incident.
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c Strengthen your cash flow by getting a monthly c Fill the gap in your retirement plan caused by
payment for life . lower than expected returns on your assets.
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c Modify your home to accommodate aging in c Set up transportation arrangements for when
place. you are no longer comfortable driving.
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c Convert a room in your home into a living area c Delay taking Social Security benefits , increasing
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for an aging family member or caregiver. monthly payments later in life.
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c Cover monthly expenses and hold onto other c Pay off credit card and other high-interest bills.
assets, while their value continues to grow.
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c Cover monthly expenses between jobs without
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c Pay for health insurance during early retirement utilizing savings or other assets.
years until Medicare eligible at 65.
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c Purchase health-related technology that
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c Combine life tenure payments with Social enables you to be more independent.
Security and income generated by assets to
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replace your salary. c Travel to visit family and old friends.
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c Pay for long-term health care needs.

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.

I am your reverse mortgage professional.
Call me today to learn more about how you can retire better!

WSAAG061