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Home Equity Conversion Mortgage (HECM)


        Loan Basics

















        Over 1 million US
        homeowners age 62
        and over have already
        taken advantage of
        Home Equity Conversion
        Mortgage loans (HECMs)
        to enjoy a  better

        retirement.













        What you need to know about HECM loans:                                Ways to receive the loan proceeds

        3 No monthly mortgage payments (borrower must continue to pay
          property taxes, homeowners insurance, and home maintenance
          costs)

        3 Borrower must meet the financial requirements of the HECM loan       3Lump sum

        3 HECMs are insured by the Federal Housing Administration (FHA)        3Monthly installments

        3Deed stays in borrower’s name                                         3HECM growing line of credit

                                                                               3A combination of the above













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                                            in-home consultation!



        Please see reverse side for important disclosure information.                                             AAG040
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