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HELOC vs. HECM LOC

Image 52_Consumer_HELOC vs. HECM LOC
The structure of a Home Equity Conversion Mortgage Line of Credit (HECM LOC) seems similar to a
traditional Home Equity Line of Credit (HELOC) because both are lines of credit secured against your
home. However, there are distinct differences and the loan that best fits your needs will depend on your
particular situation. Know the differences and find out which one is best for you.
www.aag.expert/AAG110 www.aag.com/legal-information/ www.nmlsconsumeraccess.org NMLS ID:
9392 [INSERT LO NMLS#]

Image 53_Consumer_HELOC vs. HECM LOC

Available to homeowners over the age of 62, a Home Equity Conversion Mortgage (HECM) line of credit
can offer great advantages in comparison to a Home Equity Line of Credit (HELOC). Learn the differences
and see if you qualify. www.aag.expert/AAG110 www.aag.com/legal-information/
www.nmlsconsumeraccess.org NMLS ID: 9392 [INSERT LO NMLS#]

Image 54_Consumer_HELOC vs. HECM LOC
When preparing for a better retirement, you must decide which financial plan is best for you. With a
HECM Line of Credit loan, there are no required monthly mortgage payments*, no annual fees or pre-
payment penalties to keep the HECM line of credit open. Are you prepared for the next golden chapter
of your life? *Borrowers must continue to pay property taxes, homeowners insurance, and home
maintenance costs. www.aag.expert/AAG110 www.aag.com/legal-information/
www.nmlsconsumeraccess.org NMLS ID: 9392 [INSERT LO NMLS#]