The Home Equity Retirement Plan

 

                   Available: $200,000 to $1.5 million in liquidity, depending on equity

Cash to Cover Expenses. Funds to Achieve Dreams.

A QUICK Q&A GUIDE TO OPTIMIZE RETIREMENT CASH FLOW WITHOUT SELLING YOUR HOME
 

What is a Reverse Mortgage?
  •  It’s a special type of loan that enables individuals aged 62 or older to convert some of their home’s equity into tax-free* cash.
  • Unlike traditional equity loans, no repayment is required until the home is no longer the principal residence.

Who is eligible?

  • Homeowner(s) who are at least 62 years of age and occupy the property as their principal residence.
  • Eligible properties include single-family homes, condominiums, town-homes, and 2- to 4-unit dwellings.
  • The home must be owned free and clear or have a small remaining balance that can be paid off with the Reverse Mortgage.
  • No income, employment, or credit requirements are apply*
  • How much cash can someone receive?
  • The amount that can be borrowed is based on a HUD formula that factors in the age of the youngest homeowner, the interest rate, appraised value, and the county where the property is located.

What are some of the benefits?

  •  The Reverse Mortgage customer always retains ownership and lives in their home.
  • Cash advances can be used for any purpose.
  • Loan proceeds are not considered “income” and do not affect Social Security, Medicare, SSI, or Medicaid benefits.
  • The heirs can keep the home once the Reverse Mortgage is repaid.
  • What type of interest rate options are there?
  • The Reverse Mortgage is an adjustable-rate loan linked to the one-year U.S. Treasury Security Rate.
  • Any adjustment in the rate has no effect on the amount or the number of loan advances the customer can receive, but causes the loan balance to grow at a faster or slower rate.

What are the tax-free cash options?

  • Lump sum advances make cash immediately available.
  • Tenure plans provide fixed monthly cash advances.
  • Line of credit makes cash available upon request.
  • What are the costs involved with a Reverse Mortgage?
  • There are closing costs, which can be financed into the loan. These may include an origination fee, title insurance, appraisal, a mortgage insurance premium and attorney fees.
  • Typically, the out-of-pocket expense totals is about $400.
  • The customer is expected to continue maintaining the property, paying the real estate taxes and hazard insurance premiums.

How is the loan repaid?

 A Reverse Mortgage is due and payable when the property is no longer considered the customer’s principal residence...If you sell, move or die. Otherwise, there is no foreclosure and you cannot be forced to move.

ONce the home is no longer your residence, the loan must be repaid in one payment- either from the sale of the home or through other resources.

Reverse Mortgages do not require the homeowner to make monthly payments to repay the loan.

Call with any questions about this government sponsored program for seniors.

(800)905-1776

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
____________________________________________________________________
 
Steve Jurich
Loan Consultant

 
Phone: (800)905-1776direct toll free line

Fax: (866)872-1700
steve@americanfortress.com
 
* Reverse Mortgage borrowers are required to obtain an eligibility certificate by receiving free counseling sessions with a HUD-approved agency. Family members are also strongly encouraged to participate in these informative sessions.
Retirement Can Be
The Best Time Of Your life
 
…But even with holdings of $300,000, $500,000, $1,000,000 or much more, mistakes can ruin your plans. Poor timing, fees, taxes, inflation and bad economies can take away everything you hoped to gain.
 
Some people think the only way to have more money later in life is to risk more money. We’ve seen the opposite to be true.  Today, there are proven, guaranteed strategies that can give you all the income and growth you need in retirement. With safety, you can double your money in less time.  Are you more into the sure bet, or pie-in-the sky? With our plans, you can leave more for your loved ones, increase your retirement income, and stop worrying fees, tenants, etc.
 
Our recommendations are not for young investors who really don't have much to lose.
We serve those who have worked and sacrificed to build what they have, and are not about to see it get taken away. Let us show you what we have done for others and what we can do for you.

Call any time at (800)905-1776 .

NOTE: All information on this site is available as general public information, intended for educational purposes only. No sale of securities, insurance products, real estate, or other financial product is made except after a personal interview to determine wants, needs, and suitability.  While tax subjects are covered based on information that is generally known, no specific tax or legal advice is given or implied (don't run out and do something you see here without reviewing it with the appropriate counselor).  Always consult a professional tax preparer before making tax decisions. Thank you.