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HOME EQUITY CONVERSION MORTGAGE
Loan Basics
FREE
IN-HOME
CONSULTATION!
Over 1 million US homeowners age 62 and over
have already taken advantage of Home Equity Conversion Mortgages (HECMs),
to enjoy a more secure and comfortable retirement.
What you need to know Ways to receive the loan
proceeds
p No monthly mortgage p HECMs are insured by
payments* *Borrower must the Federal Housing pLump sum
continue to pay property taxes, Administration (FHA)
homeowner’s insurance, and pMonthly installments
home maintenance costs. p Deed stays in borrower’s pHECM growing line of credit
name**
p Borrower must meet the pA combination of the above
financial requirements of the p HECM loans can be used for
HECM program a new home purchase
Call today to get your FREE in-home consultation!
Please see reverse side for important disclosure information.
