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 c Pay for health insurance during c Set up transportation

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and eliminate monthly early retirement years until arrangements for when you are
mortgage payments. (Borrower Medicare eligible at 65. no longer comfortable driving.
must continue to pay property
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taxes, homeowner’s insurance, c Combine life tenure payments c Create a set-aside to pay real
and maintenance costs.) with Social Security and income estate taxes and property
generated by assets to replace insurance .
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c Maintain a line of credit your salary.
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(that can grow) for health c Delay taking Social Security
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emergencies and other c Pay for long-term health care benefits , increasing monthly
unexpected events. needs. payments later in life.
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c Get a monthly payment c Maintain a standby cash reserve c Pay off credit card and other
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for life . to get you through the ups and high-interest bills.
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downs of investment markets.
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c Modify your home to c Cover monthly expenses
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accommodate aging in place. c Pay for short-term in-home care between jobs without utilizing
or physical therapy following an savings or other assets.
c Convert a room in your home accident or medical incident. 3

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into a living area for an aging c Purchase health-related

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family member or caregiver. c Fill the gap in retirement plan technology that enables you to
caused by lower than expected be more independent.
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c Cover monthly expenses and returns on your assets. 3
hold onto other assets, while c Travel to visit family and old
their value continues to grow. friends.
I am your reverse mortgage professional. For informational purposes only. HESLEP
companies are not NML Licensed. HESLEP
Call me today to learn more about how companies are not affiliates of AAG.
you can retire better! See reverse side for important disclosure
information.