Create More Solutions for More Customers - Tim Griffin

Reinventing the

reverse mortgage The HECM program has continued to evolve for the better since its federal* inception in 1989. And even though it has provided access to income-tax-free funds † for over one million Americans, there are still many more for whom a HECMwasn’t and still isn’t a practical, or even possible, choice. But with Equity Elite ® , your customers can tap into their home equity with fewer restrictions than a HECM, and enjoy just as much financial freedom, if not more. What sets Equity Elite ® apart?

n   60 is the new 62: Unlike the HECM, Equity Elite ® is available to homeowners as young as age 60 ‡ n   Higher access to funds : The current HECM lending limit is less than $765,600. But Equity Elite ® borrowers can access up to $4 million || in home equity—so it can be more suitable for those with higher-valued homes n  Lower up-front costs : Equity Elite ® has no up-front or ongoing mortgage insurance premium, which can mean lower closing costs than a traditional reverse mortgage n  Equity Elite ® ZERO : A sister product that offers all of the benefits of Equity Elite ® but eliminates almost ALL closing costs and has potentially lower interest rates # n  More condos qualify : In contrast to HECMs, Equity Elite ® is available to owners and buyers of non- FHA-approved*condos, which expands customer eligibility n  Debt consolidation : Borrowers can pay obligations (not just liens on their property) to qualify or to consolidate debt

*This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency. † Not tax advice. Consult a tax professional. ‡ Not applicable in all states; some states may impose a higher age requirement. Visit www.reversefunding.com/equity-elite for details. || Not applicable in all states; MA imposes a maximum loan amount of $1.5MM. Visit www.reversefunding.com/equity-elite for details. # With this pricing option, borrower receives a lender credit covering nearly all closing costs. There is a non-refundable independent counseling fee of approximately $125 on average, which the borrower pays directly to the counseling agency. Terms and conditions apply. Not available in all states.

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