Eligibility:

• All borrowers on title must be over age 62
• Borrowers must have sufficient equity in their home
• Credit score is not a consideration
• Income is not a consideration

Available Principal is based on:

• The age of the youngest borrower
• The value of the home
• Current interest rate

Reverse Mortgage features:

• Borrower retains ownership and occupancy of home
• Income is tax-free
• No monthly mortgage payments
• Lender has no claim on borrower's income or assets other than the value of the home
• Income does not affect Social Security or Medicare
• Flexible payment options of lump sum, set monthly amount, line of credit, or a combination

How Reverse Mortgage proceeds can be used:
There are no restrictions on how reverse mortgage funds can be used. Here's a few suggestions:

• Increase monthly income
• Pay off an existing mortgage
• Provide a line of credit for future expenses
• Improve your home
• Long term care
• Provide funds for 2nd home or investment property
• Gift funds to a family member