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 $260,838! 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

A
n vailable to those age 62 and over Age of Younger Borrower
(eligible non-borrowing spouse
may be under age 62) Purchase 62 65 70 75 85
Price
n No monthly mortgage payments*
$300,000 $174,738¹ $168,738² $158,838³ $151,338⁴ $124,338⁵
n Minimal income and credit
requirements $400,000 $231,538⁶ $223,538⁷ $210,338⁸ $200,338⁹ $164,338¹⁰

n FHA-insured $500,000 $187,338¹ $277,338¹² $260,838¹³ $248,338¹⁴ $203,338¹⁵

n Borrower(s) remain solely on title** $700,000 $398,938¹⁶ $384,938¹⁷ $361,838¹⁸ $344,338¹⁹ $281,338²⁰

n Closing costs may be financed into $1,000,000 $644,848²¹ $628,400²² $601,262²³ $580,703²⁴ $506,689²⁵
mortgage Estimated Down Payment

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. Ex: A 70-year-
old’s estimated initial payment on a $500,000 home would be $260,838. 13

Check out how much you can get

with just a one-time initial payment!

*Borrower must continue to pay property taxes and homeowners insurance,
maintain the home, and otherwise comply with the loan terms.
**As with a traditional mortgage, the property would still be subject to a lien.
SEE REVERSE SIDE FOR IMPORTANT DISCLOSURE INFORMATION