Interest rates and figures mentioned are for illustrative purposes only. The information contained in this publication should not be construed as legal, tax, accounting, financial, investment or professional retirement advice. *Please consult a tax professional regarding any tax implications. This Guide does not constitute a commitment to lend or extend credit. Restrictions might apply on all loan programs. All loans are subject to program qualifications and lender approval. It is important to note a reverse mortgage is a loan and a lien against the property. During the life of the loan, interest will accrue on the balance of any money used by the borrower and any closing costs that may have been financed into the loan. Generally, overtime, the total balance owed on the loan will increase. In this regard, the burden of the present and future repayment of the loan balance is placed on the property and not the borrower or their estate. All borrowers must be at least 62 years old to qualify for the HECM reverse mortgage program. **Once your loan is in place you are still responsible for paying property taxes, homeowners’ insurance, HOA dues (if applicable) and home maintenance costs. These materials are not from nor endorsed by HUD (Department of Housing and Urban Development) or FHA (Federal Housing Administration). Loans are not made, originated, endorsed or approved by the Federal Government. The FHA provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM reverse mortgage loans. For more detailed information on current interest rates, costs, fees or a comprehensive personal analysis and evaluation of your unique circumstances, please contact us directly.