Details for backspace. - Ad from 2021-01-11

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

PAID ADVERTISEMENT

Better read this if you are 62
or older and still making
mortgage payments.
More than 1 million seniors have taken advantage of this “retirement secret.”

It’s a well-known fact that for many
older Americans, the home is their single
biggest asset, often accounting for more
than 45% of their total net worth.
And with interest rates near all-time
lows while home values are still high,
this combination creates the perfect
dynamic for getting the most out of
your built-up equity.
But, many aren’t taking advantage of
this unprecedented period. According
to new statistics from the mortgage
industry, senior homeowners in the
U.S. are now sitting on more than 7.19
trillion dollars* of unused home equity.
Not only are people living longer than
ever before, but there is also greater
uncertainty in the ecomony. With home
prices back up again, ignoring this
“hidden wealth” may prove to be short
sighted when looking for the best longterm outcome.

believe the home must be paid off in
full in order to qualify for a HECM loan,
which is not the case. In fact, one key
advantage of a HECM is that the proceeds
will first be used to pay off any existing
liens on the property, which frees up
cash flow, a huge blessing for seniors
living on a fixed income. Unfortunately,
many senior homeowners who might be
better off with a HECM loan don’t even
bother to get more information because
of rumors they’ve heard.
In fact, a recent survey by American
Advisors Group (AAG), the nation’s
number one HECM lender, found that
over 98% of their clients are satisfied
with their loans. While these special
loans are not for everyone, they can be
a real lifesaver for senior homeowners especially in times like these.
The cash from a HECM loan can be

Request a FREE Info Kit
& DVD Today!
Call 800-840-8246 now.
Allthingsconsidered,it’snotsurprising
that more than a million homeowners
have already used a government-insured
Home Equity Conversion Mortgage
(HECM) loan to turn their home equity
into extra cash for retirement.
It’s a fact: no monthly mortgage
payments are required with a
government-insured HECM loan;
however the borrowers are still
responsible for paying for the
maintenance of their home, property
taxes, homeowner’s insurance and, if
required, their HOA fees.
Today, HECM loans are simply an
effective way for homeowners 62 and
older to get the extra cash they need to
enjoy retirement.
Although today’s HECM loans have
been improved to provide even greater
financial protection for homeowners,
there are still many misconceptions.
For example, a lot of people mistakenly

used for almost any purpose. Other
common uses include making home
improvements, paying off medical bills
or helping other family members. Some
people simply need the extra cash for
everyday expenses while others are
now using it as a safety net for financial
emergencies.
If you’re a homeowner age 62 or older,
you owe it to yourself to learn more so
that you can make the best decision - for
your financial future.

It’s time to reverse your thinking
We’re here and ready to help.
Homeowners who are
interested in learning more can
request a FREE Reverse
Mortgage Information Kit and
DVD by calling toll-free at

800-840-8246

e
Guid
Your
e
t
et r
to a B ent
em
Retir

verse

ing Re
rstand
ns
Unde
e Loa
g
a
g
Mort

FREE
A Guide for
Children and
Caregivers
Learn how home equity
can helpl oved ones
in retirement.

Your Guide
to a Better
Retirement
Understanding Reverse
Mortgage Loans

Our new Reverse Mortgage information guides & DVD are now
available featuring award-winning actor and paid AAG spokesman,
Tom Selleck.

U.S.A.’s #1

Reverse Mortgage Company

As Featured on:
ABC, CBS, CNN & Fox News

*Source: https://reversemortgagedaily.com/2019/12/17/senior-housing-wealth-reaches-record-high-of-7-19-trillion
Reverse mortgage loan terms include occupying the home as your primary residence, maintaining the home, paying property taxes and
homeowners insurance. Although these costs may be substantial, AAG does not establish an escrow account for these payments. However,
a set-aside account can be set up for taxes and insurance, and in some cases may be required. Not all interest on a reverse mortgage is taxdeductible and to the extent that it is, such deduction is not available until the loan is partially or fully repaid.
AAG charges an origination fee, mortgage insurance premium (where required by HUD), closing costs and servicing fees, rolled into the balance
of the loan. AAG charges interest on the balance, which grows over time. When the last borrower or eligible non-borrowing spouse dies, sells
the home, permanently moves out, or fails to comply with the loan terms, the loan becomes due and payable (and the property may become
subject to foreclosure). When this happens, some or all of the equity in the property no longer belongs to the borrowers, who may need to sell
the home or otherwise repay the loan balance. V2020.10.07
NMLS# 9392 (www.nmlsconsumeraccess.org). American Advisors Group (AAG) is headquartered at 18200 Von Karman Ave, Suite
300, Irvine CA 92612. Licensed in 49 states. Please go to www.aag.com/legal-information for full state license information.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Categories

See what people are talking about at The Community Table!