Details for BACKSPACE - Ad from 2020-10-16



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 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 long-term

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 not for
everyone, they can be a real lifesaver
for senior homeowners - especially
in times like these.
The cash from a HECM loan can

Request a FREE Info Kit
& DVD Today!
Call 800-919-5730 now.
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 misconceptions.
For example,

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.

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

Your tter
to a B ent


ing Re

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

Your Guide
to a Better
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

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 ( American Advisors Group (AAG) is headquartered at
3800 W. Chapman Ave., 3rd & 7th Floors, Orange CA, 92868. Licensed in 49 states.
Please go to for full state license information.

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