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Help Your
Client Right-Size
Their Home
Help Your Client Purchase a Home with a HECM Loan
Everyday an estimated 10,000 Baby Boomers turn 65* which makes the Home Equity Conversion
Mortgage (HECM) for Purchase Loan an excellent way to help buyers 62 and over purchase a new
home without monthly mortgage payments**.
**Borrowers must continue to pay property taxes, homeowner’s insurance, and home maintenance costs.
Purchase Comparison for a 65 Year Old Home Buyer***
Home Purchase Price Funds From Borrower Available Loan Proceeds Monthly Loan Payment**
$200,000 $119,003 $80,997 1 $0
$300,000 $176,276 $123,724 2 $0
$500,000 $289,573 $210,427 3 $0
Subject to change without notice. The APR for the examples above range
from 5.623% to 5.777%. Excludes closing costs.
AAG033