Page 4 - AAG094_Your Guide to AAG Advantage Jumbo Loans
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What is AAG’s Advantage jumbo
reverse mortgage loan?
AAG created the Advantage jumbo reverse mortgage loan to
help more seniors find a way to convert their home equity and
access cash to achieve a better retirement. With it, Americans
age 62 and older can unlock their home equity into tax-
free money without having to make any monthly mortgage
payments.* We recommend consulting your tax advisor when
researching a jumbo reverse mortgage loan.
A jumbo reverse mortgage is similar to a traditional Home
Equity Conversion Mortgage (HECM) reverse mortgage.
However, it’s not insured by the Federal Housing Administration
(FHA), and therefore it allows you to take advantage of
significantly higher loan amounts of up to $4 million.
*Borrowers are responsible for paying property taxes, homeowner’s insurance,
and for home maintenance.
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