Page 1 - AAG032_Help Build Sales in Your Community Flyer

Increase closings in
your communities

Boost your buyers’
purchasing power

Help buyers find
a home they love
with no monthly
mortgage payments
(Borrower must
continue to pay
property taxes,
homeowners
Help build sales in insurance, and home

your communities maintenance costs.)

with this powerful financial tool!

Give Your Senior Clients More Options

With a Home Equity Conversion Mortgage (HECM) for Purchase loan, everybody wins! This unique
government-insured loan can help to increase your closing opportunities and move more inventory.
Your buyers age 62 and over may receive significant financial advantages that could help them live more
1
comfortably and enhance their financial security. With 10,000 baby boomers turning 65 each day , this
powerful financial planning tool can open up a new market segment for you and allow you to close deals
on higher-value properties.

Example Step One Step Two Step Three
HECM for Purchase a New +$175,571 $274,429 at your
Purchase Loan Home Down Payment client’s disposal.*

Your client finds a NEW +$137,700 Monthly Mortgage
home for $300,000. Payment $0
HECM to Complete
Use $175,571 as a down Purchase
payment.
*Borrower must
Your client, a Use $137,700 from a continue to pay property
homeowner age 65, HECM for Purchase loan $300,000 taxes, homeowners
sells their existing to complete new home insurance, and home
home for $450,000. purchase. (plus closing costs) maintenance costs.

This example is based on the youngest borrower age 65, Annual Percentage Rate of 5.717%,
home purchase price of $300,000, IMIP of $6,000, origination fee of $5,000, and estimated
closing costs of $2,271. HECM fixed as of 07/01/2019.
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