Details for AAG Reverse Mortage / Mediaspace - Ad from 2020-10-15

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PAID ADVERTISEMENT

NEW TIMES REQUIRE
NEW THINKING

Better read this if you are 62 or older
and still making mortgage payments.
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

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

Request a FREE Info Kit
& DVD Today!
Call 800-840-8039 now.
period. According to new statistics bother to get more information
from the mortgage industry, senior because of rumors they’ve heard.
homeowners in the U.S. are now In fact, a recent survey by
sitting on more than 7.19 trillion American Advisors Group (AAG),
the nation’s number one HECM
dollars* of unused home equity.
Not only are people living longer lender, found that over 98% of
than ever before, but there is also their clients are satisfied with their
greater uncertainty in the ecomony. loans. While these special loans are
With home prices back up again, not for everyone, they can be a real
ignoring this “hidden wealth” may lifesaver for senior homeowners prove to be short sighted when especially in times like these.
looking for the best long-term The cash from a HECM loan can be
used for almost any purpose. Other
outcome.
All things considered, it’s not common uses include making
surprising that more than a million home improvements, paying off
homeowners have already used a medical bills or helping other
government-insured Home Equity family members. Some people
Conversion Mortgage (HECM) loan simply need the extra cash for
to turn their home equity into extra everyday expenses while others
are now using it as a safety net for
cash for retirement.
It’s a fact: no monthly mortgage financial emergencies.
payments are required with a If you’re a homeowner age 62 or
government-insured HECM loan; older, you owe it to yourself to learn
however the borrowers are still more so that you can make the best
responsible for paying for the decision - for your financial future.
maintenanceoftheirhome,property
taxes, homeowner’s insurance and,
We’re here and ready
if required, their HOA fees.
to help. Homeowners
Today, HECM loans are simply an
who are interested
effective way for homeowners 62
in learning more can
and older to get the extra cash they
request a FREE Reverse
need to enjoy retirement.
Mortgage Information
Although today’s HECM loans
Kit and DVD by calling
have been improved to provide
toll-free at
even greater financial protection for
800-840-8039
homeowners, there are still many
misconceptions.
For example, a lot of
people
de
r Gui
You
etter
to a B ent
m
e
r
Reti

e

vers
ing Re
rstand
Unde
ans
o
L
e
ag
Mortg

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. V2020.06.30
NMLS# 9392 (www.nmlsconsumeraccess.org). American Advisors Group (AAG) is headquartered at
3800 W. Chapman Ave., 3rd & 7th Floors, Orange CA, 92868. 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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