Page 1 - AAG079_High Value Open House Flyer

Are you 62 or older?

Afford more home with the same cash investment!

Introducing an age-based, FHA-insured mortgage loan known

as the Home Equity Conversion Mortgage (HECM) for Purchase.

Own a beautiful home

valued at $500,000 for a

one-time initial payment

of only $273,703 !
14

Loan Specifics Check out how much you can get with just
a one-time initial payment!
3 Available to those age 62 and over
(eligible non-borrowing spouse may Home
be under age 62) Purchase $300,000 $400,000 $500,000 $679,650 $1,000,000
Price
3 No monthly mortgage payments Estimated Estimated Estimated Estimated Estimated
(Borrower must continue to pay property Age Down Down Down Down Down
taxes, homeowner’s insurance, and Payment Payment Payment Payment Payment
maintain the home)
62 $183,283 1 $242,161 6 $300,703 11 $405,878 16 $726,228 21
3 Minimal income and credit 65 $177,283 2 $234,161 7 $290,703 12 $392,285 17 $712,635 22
requirements
70 $167,303 3 $220,561 8 $273,703 13 $369,177 18 $689,527 23
3 FHA-Insured
75 $159,503 4 $210,161 9 $260,703 14 $351,506 19 $671,856 24
3 Borrower(s) remain solely on title*
85 $130,417 5 $172,561 10 $213,703 15 $287,619 20 $607,969 25
3 Closing costs may be financed into
mortgage SEE REVERSE SIDE FOR IMPORTANT DISCLOSURE INFORMATION

*As with a traditional mortgage, the property would still be subject to a lien.