Details for Gatehouse Media - Ad from 2019-10-10

- EDUCATIONAL ADVERTISEMENT -

Has your home increased in value
over the years? A new option may
help you enjoy a better retirement.
Keep reading if you own a home in the U.S. and were born before 1957.

It’s a known fact that for
many senior citizens in the
U.S. their home is their single
biggest asset, often accounting
for more than 50% of their
total net worth. For many, this
investment has substantially
improved due to years of
appreciation.
Yet, according to new
statistics from the mortgage
industry, senior homeowners
in the U.S. are now sitting on
more than 6. 9 trillion dollars*
of unused home equity. With
people now living longer than
ever before and home prices
back up again, ignoring this
“hidden wealth” may prove to
be short sighted.
American Advisors Group
(AAG) has recently introduced a
new Jumbo Reverse Mortgage
loan that allows homeowners
with high-value homes to
borrow as much as $4 million
of their home equity. Unlike
a standard reverse mortgage,
AAG’s Jumbo Reverse Mortgage
loan has much higher loan
limits, which gives those
homeowners who qualify
access to even more cash-for
many, that means a better
retirement.
There are still millions of
eligible homeowners who
may simply not be aware of
this “retirement secret. Some
homeowners think these loans
sound “too good to be true.”
while others don’t know how
a reverse mortgage works
or understand the process of
extracting equity from their
home. You get the cash you
need out of your home but
you have no more monthly

mortgage payments.
It’s a fact: “no monthly
mortgage payments are
required with a reverse
jumbo mortgage; however,
homeowners
are
still
responsible for paying for the
maintenance of their home,
property taxes, homeowner’s
insurance and, if required, their
HOA fees.
While some wait until they
need cash, a jumbo reverse
mortgage loan with AAG is best
applied as a vital planning tool
that can help you live out your
golden years in comfort. By
planning ahead, you can also
know that a safety net is there
waiting for you if you need it.
AAG is honored to be the No.
1 Reverse Mortgage lender
in the nation. We have been
named a 2019 finalist in the
500+ Employee Category for
the Better Business Bureau’s
(BBB) Torch Awards for Ethics.
We take pride in our ability to
make the reverse mortgage
experience informative and
efficient for our customers. In
fact, recent customers have
given us a 97% satisfaction
rating! We are also one of only
a few lenders to offer these
jumbo reverse mortgage loans.
If you’re a homeowner age 62
or older, you owe it to yourself
to learn more so that you can
make an informed decision.
Homeowners who are
interested in learning more
can request a FREE 2019 Jumbo
Reverse Mortgage Information
Kit and DVD by calling toll-free
at 1-800-920-0457
Our new Reverse Mortgage
infomation guides & DVD are now
available featuring award-winnng
actor and paid AAG spokesman,
Tom Selleck

*Source:https://www.mpamag.com/market-update/senior-home-equity-has-grown-to-6-9-trillion-112295.aspx
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), 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 nonborrowing 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. V2019.08.30
NMLS# 9392 (www.nmlsconsumeraccess.org). American Advisors Group (AAG) is headquartered at 3800 W. Chapman Ave., 3rd & 7th Floors,
Orange CA, 92868. CA: Loans made or arranged pursuant to a California Finance Lenders Law license
(603F324) and Licensed by the Department of Business Oversight under the California Residential
Mortgage Lending Act (4131144))

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