Page 9 - Flathead Beacon // 4.27.16

EDUCATIONAL ADVERTISEMENT
Better read this if you are 62 or older and currently own a
home in the U.S.
“With the help of AAG, I have been able to repair my home’s foundation that I had been putting off for several years, re nish the hardwood oors, paint the interior and will have
the exterior painted within a few days. My house is starting to look like my home again and it feels good.”
mortgage, which frees up cash ow, a huge blessing for those on a xed income. Unfortunately, many homeowners who could bene t from a reverse mortgage loan don’t even bother to get more information due to rumors they’ve heard.
at’s a shame because reverse mortgages are helping many seniors live a better life. In fact, a recent survey by American Advisors Group (AAG), the nation’s number one reverse mortgage lender, found that 95% of their clients are satis ed with their reverse mortgages.
If you’re a homeowner age 62 or older, you owe it to yourself to learn more. You may be pleasantly surprised by what you discover.
Request a FREE 2016 Info Kit & DVD Today!
Call now toll-free:
1-855-291-7116
REAL ESTATE & RETIREMENT
REAL ESTATE
- Betty Carter
Over 1 million seniors have already taken advantage of this “retirement secret.”
Americans are living longer. And, home prices are up more than 36% since 2011, according to October 2015 data from the National Association of Realtors.*
For many senior citizens, their home is their biggest asset, often accounting for more than 50% of their total net worth.
With the cost of basic necessities such as food on the rise, it’s no wonder why more and more seniors are now using HECM reverse mortgage loans to turn their home equity into extra cash for their retirement.
However, there are still millions of homeowners who could bene t from this government-insured loan but may simply not
NO MONTHLY MORTGAGE PAYMENTS?** EXTRA CASH?
It’s true,no monthly mortgage payments are required with a reverse mortgage;** the homeowners only have to pay for maintenance, property taxes, homeowner’s insurance and, if required, their HOA fees.
Reverse mortgages rst took hold when President Reagan signed the FHA Reverse Mortgage Bill into law over 25 years ago to help senior citizens remain in their homes. ey’re simply an e ective way for folks 62 and older to get the cash they need.
Although today’s HECM reverse mortgage loans have been greatly improved to provide greater protection for homeowners, there are still a lot of misconceptions. For example, many people mistakenly believe the home must be paid o in full in order to qualify for a reverse mortgage, which is not the case.
One key bene t of a reverse mortgage is that it automatically pays o your existing
$240,000 $220,000 $200,000 $190,000 $170,000 $150,000
Median Sales Price of Existing Homes
2013 2014 2015
2011 2012
Age 62 or older? Own a home? Call toll-free:
1-855-291-7116
Request This FREE 2016 Reverse Mortgage Information Kit & DVD now!
Get answers to key questions like:
• Who owns the home after I take out a Reverse Mortgage loan?
• Will my Social Security and Medicare bene ts be affected?
• What if I have a mortgage already?
• How much money might I get?
All 3 Info Kits & DVD are yours FREE!
AS SEEN ADVERTISED ON:
In 1988, President Reagan signed the FHA Reverse Mort- gage bill into law.
be aware of this “retirement secret.”
Some people think reverse mortgage loans sound “too good to be true.” You get cash out of your home, and have no more monthly mortgage payments?
U.S.A.’s No.1 Reverse Mortgage Company Rated A+
1The aggregate value of homes owned by seniors increased their share of home
$160,800. As of October 2015, the Median U.S. Sales Price of Existing Homes
existing mortgage(s). With a reverse mortgage, no monthly mortgage payment is required. 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. 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 last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes or insurance payments, or does not otherwise comply with the loan terms. A reverse mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). American Advisors Group (AAG) works with other lenders and nancial institutions that offer reverse mortgages. To process your request for a reverse mortgage, AAG may forward your contact information to such lenders for your consideration of reverse mortgage programs that they offer. NMLS# 9392 (www.nmlsconsumeraccess.org). American Advisors Group (AAG) is headquartered at 3800 W. Chapman Ave., 3rd & 7th Floors, Orange CA, 92868. †Client images have been changed to stock photography. V03242016
equity to $5.76 trillion according to the National Reverse Mortgage Lenders Association. *In October of 2011, the Median U.S. Sales Price of Existing Homes was was $219,600, a 36.6% increase since 2011. Source* https://research.stlouisfed.org **If you qualify and your loan is approved, a reverse mortgage must pay off your
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
APRIL 27, 2016 // FLATHEADBEACON.COM
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