It wasn’t Trump, Obama, or Bush. So, who did it?

Do you know which former U.S. President signed the FHA bill in 1988 that put HECM loans into law to provide financial assistance for senior homeowners? (answer below)

What if you could stay in your home without having to make another monthly mortgage payment ever again?

This is possible as long as you have enough equity in your home and you keep paying your property taxes, homeowner’s insurance and upkeep.

In fact, more than a million U.S. seniors have already taken advantage of this special governmentinsured home loan. It’s officially called a Home Equity Conversion Mortgage (“HECM” for short).

NO MONTHLY LOAN PAYMENTS? REALLY?

Correct, no monthly mortgage payments are required with a governmentinsured HECM loan regardless of how much equity is taken out of the home;* of course because the homeowners still maintain ownership, they are still responsible for paying their property taxes, homeowner’s insurance and ongoing maintenance of their home.

With home values up significantly since the financial crisis, it’s not surprising that so many senior homeowners have already used this special FHA-insured home equity loan to get the extra money they need without having to sell their home and move.

However, today, there are still millions of eligible homeowners across America who could benefit from a Home Equity Conversion Mortgage (HECM) but may simply not be aware of this special loan for seniors.

Some people mistakenly conclude that HECM loans must be a scam to take people’s homes because they just sound “too good to be true.”

The simple fact is, today, HECM loans are simply an effective way for homeowners over 61 to get the extra cash they need to pay for everyday expenses and future needs.

A recent customer survey by American Advisors Group (AAG), the nation’s number one HECM lender, found that over 90% of their clients are satisfied with their HECM loans.

RETIREMENT THE WAY IT SHOULD BE

Consider how much easier managing your finances would be if you didn’t have a monthly mortgage payment? Rather than sending your hard-earned money to the mortgage company every month, you keep that cash for yourself. This is possible with a HECM.

So if you truly love where you live and you plan to keep your home as your primary place of residence, a HECM loan may be a smart play for you.

PROVE IT TO YOURSELF

Homeowners who are interested in learning more about government-insured HECM loans can request free educational materials by calling AAG (USA’s #1 HECM lender) toll-free today at 1-855-293-3061.

At no cost or obligation, the professionals at AAG can help you find out if you qualify for a HECM and how much money may be available for you.

*If you qualify and your loan is approved, a Home Equity Conversion Mortgage (HECM) must pay off any existing mortgage(s). With a HECM loan, no monthly mortgage payment is required. A HECM increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). AAG works with other lenders and financial institutions that offer HECMs. To process your request for a loan, AAG may forward your contact information to such lenders for your consideration of HECM programs that they offer. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes or insurance payments, or does not otherwise comply with the loan terms. American Advisors Group (AAG) is headquartered at 3800 W. Chapman Ave., 3rd & 7th Floors, Orange CA, 92868. . V11082016