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Line of Credit
When people hear the definition of a Home Equity Conversion
Mortgage Line of Credit (HECM LOC) they are sometimes unsure
how it differs from a traditional Home Equity Line of Credit
(HELOC.) Both are similar and are lines of credit secured by your
home, however the HECM LOC has no monthly mortgage
payments. (Borrowers must continue to pay property taxes,
homeowners insurance, and home maintenance costs.)
www.bit.ly/2IUrN1q www.aag.com/legal-information/
www.nmlsconsumeraccess.org NMLS ID: 9392 [INSERT LO
NMLS#]

When older Americans obtain an AAG reverse mortgage, several
options are available to them such as a line of credit. A line of
credit is a certain credit limit given to the borrower that they
can draw against as they choose, over the duration of the loan.
And it grows over time. It can provide seniors the financial
freedom they deserve. www.aag.expert/AAG110
www.aag.com/legal-information/
www.nmlsconsumeraccess.org NMLS ID: 9392 [INSERT LO
NMLS#]

Everyone deserves the opportunity to plan for a better
retirement. If you’re looking for a safety-net solution for
retirement, taking out a HECM Line of Credit loan could be the
right solution for you. The funds are available to you when you
need them, but if you don’t, your line of credit will grow as your
home appreciates. www.bit.ly/2WVzY7n www.aag.com/legal-
information/ www.nmlsconsumeraccess.org NMLS ID: 9392
[INSERT LO NMLS#]