Page 1 - AAG079_High Value Open House Flyer

Why Settle When

You Can Get More?

Own a beautiful home

valued at $500,000 for a

one-time initial payment

of only $273,684! 13

If you’re 62 or older, you can use a
Home Equity Conversion Mortgage
(HECM) for Purchase to buy the home
you want — not the one you’ll settle for.

Loan Specifics 25 Ways a HECM for Purchase Could Work for You

3 Available to those age 62 and over Age of Younger Borrower

(eligible non-borrowing spouse
may be under age 62) Purchase 62 65 70 75 85
Price
3 No monthly mortgage payments* $300,000 $182,618¹ $175,571² $166,418³ $158,618⁴ $130,418⁵

3 Minimal income and credit $400,000 $242,132⁶ $234,132⁷ $220,532⁸ $210,132⁹ $172,532¹⁰

requirements
$500,000 $300,684¹¹ $290,684¹² $273,684¹³ $260,684¹⁴ $213,684¹⁵

3 FHA-Insured
$700,000 $417,643¹⁶ $403,643¹⁷ $379,843¹⁸ $361,643¹⁹ $295,843²⁰
3 Borrower(s) remain solely on title**

$1,000,000 $707,404²¹ $692,874²² $668,172²³ $649,282²⁴ $580,989²⁵
3 Closing costs may be financed

into mortgage Estimated Down Payment
From the top row, select the age nearest that of the youngest borrower. Then match it with a
projected home purchase price, on the left, to estimate your initial payment. Exp: A 70-year-
old’s estimated initial payment on a $500,000 home would be $273,684. 13

Check out how much you can get with

just a one-time initial payment!

*Borrower must continue to pay property taxes and homeowners insurance,
maintain the home, and otherwise comply with the loan terms.
**As with a traditional mortgage, the property would still be subject to a lien.
SEE REVERSE SIDE FOR IMPORTANT DISCLOSURE INFORMATION AAG079