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REAL ESTATE
Retirement in Reverse: Better read this if you are 62 or older and own a home in the U.S.
“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.”
- Betty Carter
Unfortunately, many homeowners who could bene t from a reverse mortgage 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.
A recent survey by American Advisors Group (AAG), the nation’s number one HECM reverse mortgage lender, found that 96% of their clients were 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 Info Kit
& FREE DVD Today! Call 1-800-792-0509 now.
More than 1 million seniors have taken advantage of this “retirement secret.”
Americans are living longer and home values are up across the US:
ers only have to pay for maintenance, property taxes, homeowner’s insurance and, if required, their HOA fees.
In fact, reverse mortgages took hold when president Ronald Reagan signed the FHA 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 to enjoy their retirement.
Although today’s HECM reverse mortgages 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 mortgage, which frees up cash ow, a huge blessing for those on a xed income.
Rated A+
US Existing Home Median
Sales Price (NSA)
230000.0 221900.0 210000.0
190000.0 170000.0 150000.0
2011 2012
2013 2014 2015
For many senior citizens, their home is their single biggest asset, o en accounting for more than 50% of their net worth.
With the cost of basic necessities such as food on the rise, it’s no wonder why more and more seniors are using HECM reverse mortgages to turn their home equity into extra cash for retirement.
However, there are still millions of homeowners who could bene t from this FHA-insured loan but may simply not be aware of this “retirement secret.”
Some people think that reverse mortgages simply sound “too good to be true.” You get cash out of your home, no monthly payments, and you still own your home.
Age 62 or older? Own a home? Call toll-free:
1-800-792-0509
Request This FREE Reverse Mortgage Information Kit Today!
All three information kits and DVD are yours FREE!
AS SEEN ON
In 1988, President Reagan signed the FHA Reverse Mort- gage bill into law.
NO MONTHLY MORTGAGE PAYMENTS?* EXTRA CASH?
It’s true, no monthly mortgage payments are required with a reverse mortgage; the homeown-
U.S.A.’s No.1 Reverse Mortgage Company
*If you qualify and your loan is approved, a HECM Reverse Mortgage must pay off your existing mortgage(s). With a HECM 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 andinsuranceandmayberequiredinsomecases.Borrowersmustoccupyhomeastheirprimaryresidenceandpayforongoingmaintenance;otherwisetheloanbecomesdueandpayable. Theloanalsobecomesdueandpayablewhen the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes and insurance payments, or does not comply with the loan terms.
A reverse mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). 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
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
MAY 18, 2016 // FLATHEADBEACON.COM
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