Page 1 - AAG019_Ways to use a Reverse Mortgage

Could you use additional funds to

supplement your lifestyle?

Are you a homeowner, age 62 or over?

Consider a Home Equity Conversion Mortgage (HECM) loan, a versatile retirement funding tool, to
convert your home equity into cash! HECM loan proceeds can be used in a variety of ways:

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c Pay off your existing mortgage and eliminate c Maintain a standby cash reserve to get you through
monthly mortgage payments. (Borrower must the ups and downs of investment markets.
continue to pay property taxes, homeowner’s
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insurance, and maintenance costs.) c Pay for short-term in-home care or physical therapy
following an accident or medical incident.
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c Maintain a line of credit (that can grow) for health
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emergencies and other unexpected events. c Fill the gap in retirement plan caused by lower than
expected returns on your assets.
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c Get a monthly payment for life1.
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c Set up transportation arrangements for when you
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c Modify your home to accommodate aging in place. are no longer comfortable driving.
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c Convert a room in your home into a living area for c Create a set-aside to pay real estate taxes and
an aging family member or caregiver. property insurance.2
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c Cover monthly expenses and hold onto other assets, c Delay taking Social Security benefits3, increasing
while their value continues to grow. monthly payments later in life.
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c Pay for health insurance during early retirement c Pay off credit card and other high-interest bills.
years until Medicare eligible at 65.
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c Cover monthly expenses between jobs without
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c Combine life tenure payments with Social Security utilizing savings or other assets.
and income generated by assets to replace your
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salary. c Purchase health-related technology that enables
you to be more independent.
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c Pay for long-term health care needs.
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c Travel to visit family and old friends.

1 Available with Tenure-Based or Modified Tenure plans, so long as Borrower does not default on the loan. Borrower must maintain home as principal residence, pay
all property taxes, homeowner’s insurance, maintain the home, and comply with all other loan terms. With Modified Tenure plans, lender will set aside a specific
amount of money for a line of credit.
2 Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for
disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases.
3 Social Security benefits estimator available at www.ssa.gov/estimator.
See reverse side for important disclosure information. AAG019

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Call me today to learn more about how
you can retire better!