Page 16 - Retail Jumbo Booklet
P. 16
FOR YOUR
CONSIDERATION
Like a powerful tool that comes The Upside
with an operating manual, the
Advantage boasts many features
that should be carefully weighed n You own and retain
before deciding whether it’s the title to the home
right financial instrument to use
n Loan amounts up to $4 million
for your retirement.
n Homes valued up to $10 million may qualify
n No monthly mortgage payments (you are responsible, however,
for home maintenance and the payment of property taxes and
homeowners insurance)
n Tax-free loan proceeds
n Non-FHA-approved condos may qualify
16 n No mortgage insurance premiums (MIPs)
