Page 6 - Your Guide_AAG Jumbo Booklet

What are your obligations with an AAG

Advantage jumbo reverse mortgage
loan?

Borrowers must continue paying property taxes, homeowners’
insurance, maintain the home, live in the home, and otherwise
comply with the loan terms.

How can you access funds?

AAG Advantage jumbo reverse mortgage loan proceeds can be
accessed in the following ways:

1. LUMP SUM PAYOUT: Access 100% of your eligible loan
proceeds at closing, maximizing your cash payout to
pay off large expenses.

2. FLEX TERM PAYOUT: Receive 60% of your eligible
loan proceeds at closing, with an option to take the
remaining funds as fixed monthly payments for a term
of up to five years.

3. LINE OF CREDIT: Lifetime access to your Jumbo Reverse
Mortgage as a line of credit. Coming Soon!

6 aag.com