Details for BACKSPACE - Ad from 2020-05-22

- EDUCATIONAL ADVERTISEMENT -

ECONOMY GOT YOU
WORRIED?
It’s times like these that your largest asset can be a life saver.

Right now, your home equity could promote the financial stability
you want in retirement. Here at AAG, we want you to know we are
ready to help.

THIS MAY BE THE BEST TIME TO ACT
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

many 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,whichfreesupcashflow,
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

Request a FREE Info Kit &
DVD Today!
Call 800-791-1764 now.
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
long-term outcome.
All things considered, it’s
not surprising that more than
a million homeowners have
already used a governmentinsured 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
FREE

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 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.

Your Guide
to a Better
Retirement

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

800-791-1764

Our new Reverse Mortgage infomation guides &
DVD
ar now available featuring award-winnng
VD are
ac and paid AAG spokesman, Tom Selleck
actor

Understanding Reverse
erse
Mortgage Loans

A Guide for
Children and
Caregivers
Learn how home equity
can help loved ones
in retirement.

Your Guide
to a Better
Retirement
Understanding Reverse
Mortgage Loans

U.S.A.’s No.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 tax-deductible 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), closingcosts 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, o r fails t o comply with t he l oan t erms, t he l oan becomes due and p ayable (and t he p roperty 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. V2020.03.16
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.

Categories

Welcome to the discussion.

!!!CHANGES TO ONLINE COMMENTS — PLEASE READ BEFORE POSTING!!!
Effective immediately, all comments will display the user's FIRST AND LAST NAME rather than a screen name. Anyone with an existing account that did not provide a first and last name when registering will be required to update their profile before submitting a comment. AGAIN - YOUR ACCOUNT MUST INCLUDE A FIRST AND LAST NAME!

Keep it Clean. NO obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person. Comments that include verbal attacks of another commenter will not be posted.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.