Page 1 - AAG019_Ways to Use a Reverse Mortgage

Could you use additional funds to

supplement your lifestyle?

Are you a homeowner, age 62 or over?

Consider a Home Equity Conversion Mortgage (HECM) loan, a versatile retirement funding tool, to
convert your home equity into cash! HECM loan proceeds can be used in a variety of ways:

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c Pay off your existing mortgage and eliminate c Maintain a standby cash reserve to get you
monthly mortgage payments. (Borrower must through the ups and downs of investment
continue to pay property taxes, homeowner’s markets.
insurance, and maintenance costs.)
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c Pay for short-term in-home care or physical
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c Maintain a line of credit (that can grow) for health therapy following an accident or medical
emergencies and other unexpected events. incident.

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c Get a monthly payment for life1. c Fill the gap in retirement plan caused by lower
than expected returns on your assets.
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c Modify your home to accommodate aging in
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place. c Set up transportation arrangements for when you
are no longer comfortable driving.
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c Convert a room in your home into a living area
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for an aging family member or caregiver. c Create a set-aside to pay real estate taxes and
property insurance.2
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c Cover monthly expenses and hold onto other
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assets, while their value continues to grow. c Delay taking Social Security benefits3, increasing
monthly payments later in life.
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c Pay for health insurance during early retirement
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years until Medicare eligible at 65. c Pay off credit card and other high-interest bills.
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c Combine life tenure payments with Social c Cover monthly expenses between jobs without
Security and income generated by assets to utilizing savings or other assets.
replace your salary.
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c Purchase health-related technology that enables
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c Pay for long-term health care needs. you to be more independent.
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c Travel to visit family and old friends.
1 Available with Tenure-Based or Modified Tenure plans, so long as Borrower does not default on the loan. Borrower must maintain home as principal residence, pay all
property taxes, homeowner’s insurance, maintain the home, and comply with all other loan terms. With Modified Tenure plans, lender will set aside a specific amount of
money for a line of credit.
2 Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements
of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases.
3 Social Security benefits estimator available at www.ssa.gov/estimator.
See reverse side for important disclosure information.

I am your reverse mortgage professional.

Call me today to learn more about how
you can retire better!

AAG019