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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

misconceptions.
For example, a lot of people
mistakenly 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

Request a FREE Info Kit
& DVD Today!
Call 855-219-6886 now.
prove to be short sighted when
looking for the best long-term
outcome.
All things considered, it’s not
surprising 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

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 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

855-219-6886

FREE
oved ones

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. V2020.12.22
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.

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