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Q: WHAT IS A REVERSE MORTGAGE?
A: A HECM reverse mortgage is an FHA-insured loan for senior borrowers age 62 and older. This financial tool allows the
borrower to access a portion of home equity and convert it into cash to utilize proceeds for however he/she sees fit.
Common uses include paying for medical bills or other debt, home repairs and improvements, traveling, and preserving
your client’s retirement portfolio, among others.

Q: HOW DOES A REVERSE MORTGAGE WORK?
A: With a reverse mortgage, there are no monthly mortgage payments as long as property taxes, insurance, and
maintenance continue to be paid. Many seniors are resistant to the idea of selling the home they’ve lived in for years. That’s
why a reverse mortgage is a convenient solution. Your client can stay in his or her home* that they are comfortable living in
while enjoying additional cash flow to cover health care costs or other expenses.

*Borrowers could be subject to foreclosure for reasons including failure to maintain the property or to pay taxes and
insurance.

Q: HOW CAN I BECOME AN AAG PARTNER?
A: Reach out and find out how AAG can provide your clients with a more secure retirement today. We can set your team
up with a dedicated AAG professional assigned as a single point of contact for your program. We offer multiple ways of
interaction with your staff and customers alike.