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See Your Business Grow                                                                                                 HECM

      p      Every day more than 10,000 Americans                                                                    for Purchase
           turn 65 . Are you missing sales today
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           by not integrating the Home Equity
           Conversion Mortgage (HECM) into your
           business model?                                    First Name Last Name, NMLS ID
                                                                              Title
                                                                            Phone
      p      Do you think your client has to move away
           from family and friends for retirement?                           Email
           Think again! Help them to buy in their                             URL
           hometown without monthly mortgage
           payments  via a HECM for purchase, also        NMLS# 9392 (www.nmlsconsumeraccess.org). American Advisors
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                                                          Group (AAG) is headquartered at 3800 W. Chapman Ave., 3rd
           known as a reverse mortgage loan.              & 7th Floors, Orange CA, 92868. AAG conducts business in the
                                                          following states: AK (Alaska Mortgage Broker/Lender License
                                                          No. AK9392), AL, AR, AZ (MB_0911141), CA (CA Loans made
      p      Do you think your clients can’t afford       or arranged pursuant to a California Finance Lenders Law license
                                                          (603F324) and Licensed by the Department of Business Oversight
           the neighborhood that they love? Are           under the California Residential Mortgage Lending Act (4131144)),
           you having trouble finding inventory for       CO (Regulated by the Division of Real Estate; to check the license
           your clients? Think again! A HECM can          status of your mortgage loan originator, visit http://www.dora.state.
                                                          co.us/real-estate/index.htm), CT, DC (District of Columbia Mortgage
           give your client more options without          Dual Authority License No. MLB9392), DE, FL, GA (residential
           monthly mortgage payments . Borrower           Mortgage Licensee #22849), HI, IA, ID, IL (Illinois Residential Mortgage
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           must continue to pay for property taxes,       Licensee; Illinois Commissioner of Banks can be reached at 100 West
                                                          Randolph, 9th Floor, Chicago, Illinois 60601, (312)814-4500), IN, KS
           homeowner’s insurance, and home                (Kansas Licensed Mortgage Company MC. 0025024), KY, LA, MD,
           maintenance costs.                             ME (SLM11356), MI, MN, MO (4824 NW Gateway Ave, Suite 201,
                                                          Riverside, MO 64168), MS (Licensed by the Mississippi Department
      How it Works                                        of Banking and Consumer Finance), MT, NC, ND, NE, NH (Licensed
                                                          by the New Hampshire banking department), NJ (Licensed by the
                                                          N.J. Department of Banking and Insurance), NM, NV, NY (Licensed
             Clients often qualify  for a reverse         Mortgage Banker-NYS Department of Financial Services; American
        1    mortgage due to minimal income and           Advisors Group operates as American Advisors Group, Inc. in New
             credit requirements.                         York.), OH (MBMB.850159.000), OK, OR (ML-4623), PA (Licensed
                                                          by the Pennsylvania Department of Banking 28356), RI (Rhode Island
                                                          Licensed Lender), SD, SC, TN, TX (13785 Research Blvd, Suite 125,
                                                          Austin, TX 78750, Mortgage Banker Registration), UT, VA (Licensed by
                   No monthly mortgage payments as        the Virginia State Corporation Commission MC – 5134), VT (Vermont
        2    long as they remain living in the home       Lender License No. 6384), WA (Consumer Loan # CL-9392),WV, WI,
             as their primary residence .                 WY (WY-DBA AAG Reverse Mortgage Lender/Broker License No.
                                                          2331). A reverse mortgage increases the principal mortgage loan
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                                                          amount and decreases home equity (it is a negative amortization loan).
                                                          Borrowers are responsible for paying property taxes and homeowner’s
             Client must maintain property taxes,         insurance (which may be substantial). We do not establish an escrow
        3    homeowner’s insurance, and home              account for disbursements of these payments. A set-aside account
             repairs.                                     can be set up to pay taxes and insurance and may be required in   Increase Home
                                                          some cases. Borrowers must occupy home as their primary residence
                                                          and pay for ongoing maintenance; otherwise the loan becomes due
                                                          and payable. The loan also becomes due and payable when the
      1 ”Baby Boomers Retire”-Pew Research Center. 2010. Web.5   last borrower, or eligible non-borrowing surviving spouse, dies, sells   Sales with Reverse
      Dec.2015. http://www.pewresearch.org/daily-number/baby-  the home, permanently moves out, defaults on taxes or insurance
      boomers-retire/                                     payments, or does not otherwise comply with the loan terms. AAG is   Mortgage Loans
                                                          an equal housing lender.
      2 Borrower must continue to pay property taxes, homeowner’s   These materials are not from HUD or FHA and were not approved by
      insurance, and home maintenance costs.              HUD or a government agency. V7262017                   For industry professionals only-not intended for consumer distribution.
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