Page 27 - Flathead Beacon // 10.28.15

ADVERTISEMENT
REAL ESTATE
this if you are 62 or older and still
Retirement in Reverse: Better read
making mortgage payments.
More than 1 million seniors have taken advantage of this “retirement secret.”
Americans are living longer. Home values are up. And for many senior citizens, their home is their single biggest asset, often 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 benefit from this FHA-insured loan but may simply not be aware of this “retirement secret,” notes Former U.S. Senator Fred Thompson.
“You know, some people have told me that reverse mortgages sound too good to be true. You get cash out of your home, no monthly payments, and you still own your home,” says Senator Thompson.
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.
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. “They’re simply an effective way for folks 62 and older to get the cash they need to enjoy
“It has been 3 months and now I have the peace of** mind knowing that the money is here when I need it. I was able to pay down my credit card debt, get my car
FACT: In 1988 Pres- ident Reagan signed the FHA Reverse- Mortgage Bill.
Unfortunately, many homeowners who could benefit from a reverse mortgage don’t even bother to get more information due to rumors they’ve heard. That’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 reverse mortgage lender, found that 97% of their clients were satisfied 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 1-800-840-8653 now.
U.S.A.’s No.1 Reverse Mortgage Company
repaired, and make home improvements...” - Ann, E. VA
their retirement,” notes Thompson.
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 off in full in order to qualify for a reverse mortgage, which is not the case. One key benefit of a reverse mortgage is that it automatically pays off your existing mortgage, which frees up cash flow, a huge blessing for those on a fixed income.
Rated A+
Age 62 or older? Own a home? Call toll-free:
1-800-840-8653
Former U.S. Senator, Fred Tho
ofcial paid spokesperson for AAG.
Request This FREE
Reverse Mortgage Information Kit Today!
All three information kits and DVD are yours FREE!
s
son AS SEEN ON
m
m
p
p
*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. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. Call 1-800-840-8653 to learn more. **Client image was changed to stock photography.
A HECM 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.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
285554_9.2_x_12.indd 1
10/22/15
4:15 PM
OCTOBER 28, 2015 // FLATHEADBEACON.COM
27
FREE