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Myths and Realities
Image 58_Consumer_Myths and Realities
Preparing for a better retirement includes knowing the difference between the myths and facts of a
HECM loan. As with any home equity solution, there are common misconceptions about how it works.
The pros often outweigh the cons when you know the difference. Do you know the facts?
www.aag.expert/AAG037 www.aag.com/legal-information/ www.nmlsconsumeraccess.org NMLS ID:
9392 [INSERT LO NMLS#]
Image 59_Consumer_Myths and Realities
Myth or Reality? Once loan proceeds are received, you pay taxes on them. MYTH. In fact, like any loan,
HECM proceeds are paid out tax-free as they are not considered income. Want to know more realities of
a HECM loan? www.aag.expert/AAG037 www.aag.com/legal-information/
www.nmlsconsumeraccess.org NMLS ID: 9392 [INSERT LO NMLS#]
