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Reason #2: High Interest Rate From everything I’ve seen, the interest rates on a HECM are comparable with other fully amortized mortgages. You can choose an adjustable rate that offers a cap on how much it can be increased over time, or a fixed rate loan that can never go up just as is the case with a traditional mortgage. Now, the author of the U.S. News article compares the HECM with a HELOC, or Home Equity Line of Credit, and that is simply not a fair or accurate comparis...on when talking about people in or near retirement age. Plainly stated, HELOCs are terrible loans for people in retirement for several reasons. First of all, HELOCs require borrowers to make interest only payments each month without fail, and after 10 years of that the payments shoot up as they go from being interest only to fully amortized so that the loan is paid in full in 20 years. The problem is that as people age, incomes tend to drop while expenses can increase. So, someone that gets a HELOC at age 65, has to expect his or her payments to increase when they reach age 75, and that will spell trouble for many homeowners. HELOCs are also hard to qualify for today. You have to qualify based on your monthly income, how much equity you have doesn’t matter, you need monthly income to be approved for such a loan. And should your income drop for whatever reason, missing a payment on your HELOC can lead to you being forced to sell the home or losing it to foreclosure. In contrast to that scenario, a HECM doesn’t require the borrower to make monthly payments, so you can decide how you want to repay the loan. Some choose to make interest only payments, others make payments once a year or every few years and some make no payments in which case the loan is repaid when the home is sold or upon their death. It’s true that you still have to pay your property taxes and insurance, but you have to pay those costs even if you have no mortgage on the home. #Retirement #RetirementOptions #ReverseMortgage

The Media Continues to Get it Wrong on Reverse Mortgages All you have to do is Google the term reverse mortgage and you’ll see that some in the media have written articles saying that they should be avoided. And so, as I sat down to write this article, I did exactly that I typed reverse mortgage into Google and started clicking on links, reading what came up from my search. The first one I clicked on was published by U.S. NEWS/Money on December 11, 2012 under the ominou...s headline: 5 Reasons to Avoid a Reverse Mortgage. However, since the author of this article is only identified as FMF, or a Contributor, there’s no way to find out who is providing the information or viewpoint. Regardless, it appears under the U.S. News banner so I’m sure many would assume it to be a legitimate article, which is why I’m using it as an example of what shouldn’t be happening, but nonetheless is. The author starts out with Reason #1: The fees are often high Today’s reverse mortgages are more accurately called Home Equity Conversion Mortgages or HECMs, for short. They are regulated by HUD and insured by the FHA, and unlike other mortgage products, HUD places strict limits on the origination fees that can be charged. For example, if your home appraises for $600,000 or more, the most you can be charged to originate the loan is $6,000. If, on the other hand, your home appraises for $300,000 then the most you’ll pay is $3,000. (Below that, you can still be charged $2,500, regardless of the home’s appraised value.) That’s roughly one percent, which is no more than I’ve been charged for any mortgage I’ve ever gotten. There can also be charges for the same sorts of things we’re all familiar with from traditional mortgages, such as escrow, title, documents, et al but these charges are the same as they’ve always been about $2,200 to $2,400. And lastly, there can be a premium to cover the mortgage insurance involved, which can be as high as 2 percent of the loan amount and .5 percent of the outstanding loan balance. However, those are the worst case numbers associated with getting a HECM, so the reality is that you might pay less but won’t pay more. And you almost never have to pay any of those costs out of your pocket, usually they can all be included in your loan. Does that make HECMs expensive? I wouldn’t think so, but you’ll see why I say that as we move into Stay Tuned for More Coming Soon..... #Retirement #RetirementOptions #ReverseMortgage

How a Reverse Mortgage Saved a Homeowner $200,000 Most people think a reverse mortgage is designed only for low income seniors people who need money to support their lives during their retirement years. They’re wrong about that. In fact, even if you have $1 million or more in your retirement account, using a reverse mortgage in some situations could save you hundreds of thousands of dollars and I’m about to describe a real life situation where that’s exactly what happened.... First let’s define what we’re talking about Today’s reverse mortgages are more accurately referred to as Home Equity Conversion Mortgages and they’re known by the acronym: HECM. A HECM is basically an FHA insured mortgage that’s only available to homeowners over 62 years of age with significant equity in their homes. What makes the HECM unique is that it doesn’t require the homeowner to make any payments on the loan until the home is either sold by the homeowner or when it’s sold or refinanced by their heirs. Homeowners can choose to make interest only payments, if they want to or they can choose to make principal and interest payments or they can make no payments at all until they die or sell the home. When you have a HECM, you still own your home just like with any other mortgage. You still have to pay your property taxes, insurance and normal maintenance, but you don’t have to make any payments on the loan if you don’t want to. A better source of capital If you think about it, a HECM is simply a source of capital that homeowners with equity can access after age 62. And in many cases, it’s a better source of capital than the alternatives because it doesn’t have to be repaid on any certain schedule, it’s available at a relatively low interest rate and it’s tax free. #Retirement #ReverseMortgage #RetirementOptions

Reverse Mortgage Example #5 Many other ways to use a reverse mortgage to make life better. You could use a reverse mortgage to simply have an open line of credit.You may not need to access the funds, but as you get older, you just never know. And if you do need the money, it’ll always be there. The HECM line of credit can never be cancelled, and if you do need the money, you won’t have to pay it back until you and your spouse pass away, or when you sell the home.Honestly, I d...on’t know why EVERYONE doesn’t do that. Or, maybe you want to start a business a second career, if you will in order to create an income stream to support you during retirement. Maybe you want to start a limousine service, so you borrow $200,000, buy a couple of limos and line up a few drivers. Maybe you have a son that wants to run the company, I don’t know. Because you won’t have to make payments on your limos, you’ll be able to offer lower pricing than the limo companies that have payments to cover. So, you can be the low price leader and that’s a huge competitive advantage. Or maybe you want to have a deep-sea fishing charter boat, so you use a reverse mortgage to buy the boat and become the only charter that doesn’t have to make a boat payment. So, when the competitors are charging $300 you can charge $200 and I’d say that would mean you’d have no trouble filling your boat with fishermen or women. My wife has talked about opening a flower shop during retirement, and I’ve always thought about owning a small restaurant/bar. No matter what you’re thinking about, the HECM reverse mortgage is a source of capital like no other because it doesn’t have to be repaid on any certain schedule, or not until you sell the home or die. Show me another source of funds that allows that? You can’t. #Retirement #ReverseMortgage

Reverse Mortgage Example #4 How will I personally be using a reverse mortgage? I’m about to turn 54, but my wife is about to turn 58, so as soon as she’s 62, we’ll be taking out a reverse mortgage. After paying off the mortgage on our primary residence, I figure I’ll be able to borrow about $300,000, maybe a little less. We’ll have no monthly payment on the $300,000, remember, so we’ll be able to save a little more too. There are several things we’re think of doing with that ...money. One is to buy a second home maybe a condo in Cabo San Lucas for $200,000. And with the balance we may buy an Airstream travel trailer (If we don’t have one already by then.) Then when we completely retire, we’ll have two or three places to go, and an Airstream we’ll use to travel the country until we’re too old to do so. I’m sure our home in California will continue appreciating during our retirement years, and when we die, in monetary terms, we’ll leave our daughter the equity in that home, the free and clear condo in Cabo San Lucas, the free and clear Airstream plus, whatever other property and/or retirement savings we’ve accumulated and still have at the end. Of course, no one knows exactly what the future holds, but my point is that by using a reverse mortgage you can make retirement dreams come true that otherwise wouldn’t be possible. #Retirement #ReverseMortgage

Reverse Mortgage Example #3 Buy a Motorhome or Vacation Home Let’s say you’re over 62, your home’s worth $400,000, and you borrow $100,000 using a reverse mortgage, so you decide to buy that motorhome you’ve always thought of having during retirement. First of all, you’ll have no monthly payment. And you’ll have a beautiful motorhome to travel the country in, visiting friends and relatives and enjoying your retirement or semi-retirement. Now, let’s consider the actual numb...ers involvedYour home was worth $400,000 when you took out the reverse mortgage of $100,000, and let’s say that over ten years it goes up in value by something like three percent a year. So, in 15 years, the home is worth roughly $580,000 and you sell it to move into a smaller home or whatever. You borrowed $100,000 using the reverse mortgage, and ten years later your balance has gone up to let’s say $150,000. So, when you sell the home for $580,000 and pay off the reverse mortgage, you end up with roughly $400,000 after paying sales commissions. That’s how much the home was worth when you took out the reverse mortgage ten years ago. And don’t forget you’ve also still got a free and clear motorhome. In that scenario, your home’s appreciation paid off your $100,000 motorhome and the interest you never had to make a monthly payment on the $100,000 loan and the memories of traveling the country during those ten years, I would say, are priceless. Show me another way to make that happen? You can’t. #Retirement #ReverseMortgage

Reverse Mortgage Example #2 Use a Reverse Mortgage to Create Income During Retirement I spoke to a couple in their late 60s. Their home was almost paid off and worth about $650,000, but they had no retirement savings to speak of and as a result, they were both still working. They told me they didn’t think they’d ever be able to retire.So, I described an alternative path using what’s called a HECM for Purchase. If they sell the home, after sales commissions, the couple wou...ld end up with roughly $600,000.Then they could take $350,000 and buy a four-plex for something like $700,000. They could fix up one of the units the way they like it put in a Jacuzzi and an island kitchen whatever they want.Then, they could live in that unit and rent out the other three let’s say for $800 a month each. Now the couple would have $2400 a month in rental income, plus their Social Security, which was about $2800 a month. Add it all up and their income would then be $5200 a month and they’d have NO MORTGAGE PAYMENT. Plus they’d still have something like $200,000 in the bank.Now, they could both stop working and start enjoying their retirement years, even though they had no retirement savings to begin with. and they’d have $200,000 in savings $5200 in monthly income no monthly mortgage payment and roughly 50 percent equity in their property. Show me another way to accomplish that? You can’t. Because nothing else can do what a reverse mortgage does! #Retirement #ReverseMortgage

Reverse Mortgage Example #1 Stop Paying Your Mortgage at 62 Let’s say you’re 62 and you have a $300,000 mortgage balance and a $3,000 monthly payment. And you refinanced your traditional mortgage into a HECM reverse mortgage, which would allow you to stop making your $3,000 monthly payment on the $300,000 mortgage balance.So, you stopped making that monthly payment to the bank and started paying it to yourself. You put the $3,000 a month into an investment account, like the... S&P 500 Index Fund, and by doing so you start making the benefits of compounding interest benefit you instead of the bank.Ten years later, you could expect to have something like $600,000 in that account at the same time your reverse mortgage balance will have increased to something like $470,000, according to the FHA expected rates. So, at that point you could decide to pay off your mortgage balance of $470,000 and you’d still have $130,000 left over. Or, you could continue not making payments and retire with an extra $600,000 in savings. Or, you could sell the home and use the equity to buy a smaller home in a retirement community. Or, you could do whatever else you wanted to do. I don’t care how you slice it if you’re 62 or over and you’re still making a mortgage payment, you should look at what a reverse mortgage can mean to your financial security during your retirement years.Because nothing else can do what a reverse mortgage does. #Retirement #ReverseMortgage

How a HECM Reverse Mortgage Saved a Homeowner Over $200,000 Most people think a reverse mortgage is designed only for low income seniors people who need money to support their lives during their retirement years. They’re wrong about that. In fact, even if you have $1 million or more in your retirement account, using a reverse mortgage in some situations could save you hundreds of thousands of dollars and I’m about to describe a real life situation where that’s exactly what ...happened. First let’s define what we’re talking about Today’s reverse mortgages are more accurately referred to as Home Equity Conversion Mortgages and they’re known by the acronym: HECM. A HECM is basically an FHA insured mortgage that’s only available to homeowners over 62 years of age with significant equity in their homes. What makes the HECM unique is that it doesn’t require the homeowner to make any payments on the loan until the home is either sold by the homeowner or when it’s sold or refinanced by their heirs. Homeowners can choose to make interest only payments, if they want to or they can choose to make principal and interest payments or they can make no payments at all until they die or sell the home. When you have a HECM, you still own your home just like with any other mortgage. You still have to pay your property taxes, insurance and normal maintenance, but you don’t have to make any payments on the loan if you don’t want to. A better source of capital If you think about it, a HECM is simply a source of capital that homeowners with equity can access after age 62. And in many cases, it’s a better source of capital than the alternatives because it doesn’t have to be repaid on any certain schedule, it’s available at a relatively low interest rate and it’s tax free. #Retirement #ReverseMortgage

BRAND NEW JUMBO REVERSE MORTGAGE Free Seminar Saturday, July 20th - 1:00-2:30pm Join us for complimentary Pie and Coffee and learn the facts about the 2019 Jumbo Reverse Mortgage.... You will Learn: The 4 Speeds of a Reverse Mortgage Cash Available up to $5 Million Use Properties up to $20 Million The Line of Credit Safety Net Tax-Free Cash The No-Cost Option Bring Family, Friends and Trusted Advisors CALL LORETTA TO RSVP: 949-266-0900 Laguna Hills Community Center 25555 Alicia Pkwy, Laguna Hills, CA 92653 Saturday, July 20th - 1:00-2:30pm Sponsored by Green Monarch Mortgage www.GreenMonarch.com

FREE REVERSE MORTGAGE SEMINAR The All New Jumbo Reverse Join us for Coffee and Pie and learn the facts about the 2019 Modern Reverse Mortgage:... The 4 Speeds of a Reverse Mortgage The Newest Improvements - New for July 2019 The Tax-Free Equity Solution The Line of Credit Safety Net The No-Cost Option Bring Family, Friends and Trusted Advisors Saturday, July 20th - 1:00-2:30pm Laguna Hills Community Center Call LORETTA to RSVP: 949-266-0900 Seating is limited so Call Today!

FREE REVERSE MORTGAGE SEMINAR "Housing Wealth for your Financial Health" GET UP TO $5 MILLION IN CASH with Many Options... Wednesday, March 27th - 1:30pm Marie Callender's 31791 Del Obispo Street San Juan Capistrano, CA 92675 Call Loretta to RSVP: (949) 266-0900 Learn about The Elite Choice Brand New Changes for 2019 www.GreenMonarch.com

GET UP TO $5 MILLION IN CASH On Properties up to $20 Million with Many Options FREE 2019 REVERSE MORTGAGE SEMINAR "Housing Wealth for your Financial Health"... Wednesday, March 27th - 1:30pm Marie Callender's 31791 Del Obispo Street San Juan Capistrano, CA 92675 Call Loretta to RSVP: (949) 266-0900 Learn about The Elite Choice Brand New Changes for 2019 www.GreenMonarch.com

MODERN REVERSE MORTGAGE SEMINAR A lot has changed in the last 30 years, including the Reverse Mortgage! Come to our seminar and find out about the latest offerings, including the new Jumbo Reverse and a brand new Second Mortgage option.... We finally have an opportunity for homeowners of high value homes, and fees and costs have never been lower. Bring a friend or family member and ask plenty of questions while you lunch and learn. OLE HANSON FIRESIDE ROOM Next to the San Clemente Library 100 N Calle Seville San Clemente, CA 92672 Wednesday, October 24th 12:00 Noon - 1:30pm Free Lunch and Beverages! RSVP: Call Loretta (949) 266-0900 www.reversemortgageseminars.com