Structuring Your Reverse Mortgage
For Your Needs

                   Finally, your home is paying you back.

Options for the Adjustable HECM: With the adjustable FHA HECM you can choose either a monthly payment, cash out, line of credit, or a combination of all three. Only you can determine which Reverse Mortgage plan suits your needs. Your Reverse Mortgage specialist will review each program with you so you can make an educated decision. Seek counsel from family members, friends, and advisors to help you decide which program is right for you.

Term Loans: If there is more month left at the end of the money you may require more than is offered by the traditional monthly option (tenure). For example, perhaps you qualify to receive $1,200 per month for the rest of your life with the FHA HECM. However, your lifestyle requires $1,600 per month. Your Reverse Mortgage Specialist will structure your loan as a term loan so you will receive $1,600 per month.

Whether a ten, fifteen or twenty year term, shortening the term of your Reverse Mortgage will produce a higher monthly benefit to you. For seniors in their late 70's or eighties a term loan might be the perfect solution to a need for monthly cash. (If you outlive your term your monthly checks will cease, but you do not have to move from your home.

Your Reverse Mortgage Specialist will explain all the programs and options available to you. Work with a specialist who listens and understands your needs. Go over the programs available and structure your loan to fit your lifestyle. Your Reverse Mortgage should serve your needs, and this is only possible when you know the options available.

Fixed Rate Reverse Mortgages vs Adjustable Rates: It all depends on what you are comfortable doing; a fixed rate is usually higher than the adjustable rate Reverse Mortgage, and there are few options with a Fixed Rate. With the FHA Fixed Reverse Mortgage you are required to take the entire proceeds at closing. But many seniors feel this is an advantage. If you calculate what a significant amount of cash invested wisely might yield, for example, $190,000 invested over time, it could offer a tremendous financial edge. But be careful to pick an investment with a moderate to low risk. Be sure to review the Amortization Chart provided by your Reverse Mortgage Specialist to see how much equity might be left at the end of your Fixed Reverse Mortgage. Compare it to the adjustable rate. (But remember, the adjustable rate amortization chart is only an estimate.)

It's up to you how you want to structure your Reverse Mortgage.

You can remain in your home for the rest of your life as long as it is your primary residence.) Note: Adjusting your monthly proceeds (higher or lower) is also possible with the monthly option.

For further information, contact us to see a Reverse Mortgage comparison.

What About My Heirs?

Testimonies - From Borrowers

HECM for Home Purchase

Safeguards for Reverse Mortgages

Reverse Mortgage Counseling

Steps to Getting Started

• Free Reverse Mortgage information, call 1-888-843-9797