Find out how to qualify for a reverse mortgage and how to use the equity in your home to help you retire in comfort!

1. TThhee RReevveerrssee MMoorrttggaaggee PPrrooggrraamm
STAR MARIE DARDEN
NMLS #91094
Licensed in California and Washington
619-892-5626
Email: callstarnow@gmail.com
www.mortgagemoneystar.com
C2 Financial Corporation
NMLS #135622
10509 Vista Sorrento Parkway Ste. 200 San Diego, California
Solid Information Clear Communication Reliable Performance

2. TThhee RReevveerrssee MMoorrttggaaggee
RReeffiinnaannccee
For better cash flow and
Quality of Life
Could You Benefit from Tax Free
Money?

3. ____________________________________
 CCaann II lloossee mmyy hhoommee ??
 WWhhaatt aabboouutt mmyy hheeiirrss ??
 WWhhaatt aarree tthhee ccoossttss ??
 WWhhaatt iiff rreeaall eessttaattee vvaalluueess ddrroopp ??
 WWhhaatt iiff mmyy nneeeeddss cchhaannggee ??
 WWhhaatt iiff II oorr mmyy ssppoouussee,, nneeeedd ttoo mmoovvee ttoo aa
mmaannaaggeedd ccaarree
ffaacciilliittyy ??

4. ____________________________________
 Before HHUUDD // FFHHAA RReegguullaattiioonn ((11sstt RR//MM’’ss 11993300’’ss))
 FFiinnaanncciiaall PPllaannnneerrss && AAnnnnuuiittiieess ((RRAAMM llooaannss 11998800’’ss))
 EEqquuiittyy SShhaarriinngg
 NNeeww CCoonnssuummeerr PPrrootteeccttiioonnss ((11sstt HHEECCMM llooaann 11998899))
 FFHHAA IInnssuurreedd && RReegguullaatteedd
 NNeeww OOppttiioonnss // FFlleexxiibbiilliittyy

5. TThhee RReevveerrssee MMoorrttggaaggee
PPrrooggrraamm
Enables homeowners age 62 and older to use
equity in their homes and receive tax-free money:
without having a Monthly Mortgage Payment!
No repayment until the home is no longer your
principal residence.
No income, asset, employment or credit
requirements to participate. (subject to
change in the future )
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6. EElliiggiibbiilliittyy
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62 years of age or older.
(Trusts, Guardianships, DPOA’s)
Own home free and clear or have low mortgage
balance.
Occupy property as principal residence.
(1-4 units, Town Homes, manufactured homes.
Mobile Homes are Ineligible.)
Attend a mandatory informational session
with a HUD-Approved counseling agency.
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7. Some BBeenneeffiittss ooff tthhee MMoorrttggaaggee
The homeowner retains title and ownership of their home
Cash withdrawls can be used for any purpose
Tax-free money will not affect Social Security or Medicare
benefits - It may affect Medicaid eligibility in some cases
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8. PPrreeddoommiinnaanntt UUsseess ffoorr LLooaann PPrroocceeeeddss
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Everyday living expenses
Property Taxes & Homeowner’s Insurance
College $ for grandkids
Medical and Life Insurance
Retrofitting for Disabilities and Accessibility
Medical Expenses – Medications, In Home Care etc.
 Senior Care Facilities for a spouse
Financial Planning
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9. Typical Uses for HHoommee EEqquuiittyy CCoonnvveerrssiioonnss
Hospital/Health Care Costs
Repay existing mortgages
Reduce burden on children
Home repair/Improvement
Pay property taxes
Daily expenses
Travel, Something special
Gifts
67%
55%
50%
50%
38%
29%
14%
3%
AAss ppuubblliisshheedd bbyy AAAARRPP//HHUUDD

10. HOW MUCH MONEY WILL II BBEE EELLIIGGIIBBLLEE FFOORR??
How Much You Will Be Eligible For ?
Depends Primarily On Four Factors:
•The Age of the Youngest Borrower
•The Value of Your Home
•The Current Interest Rates
•Location of the Home

11. TTaaxx-FFrreeee MMoonneeyy OOppttiioonnss
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Lump Sum Advances - make cash immediately
available
Tenure plans provide fixed monthly income
advances until age 100 or maturity event
A Line of equity Credit makes cash available at
borrowers request (can grow over time)
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Term plans provide fixed monthly cash advances for
a preset period of time (10 or 20 yrs. for example)
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Modified plans provide any combination of the three
(greater control for future needs)

12. CCoonnssuummeerr PPrrootteeccttiioonnss
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Non-Recourse – Never owe more than the value of
your home. No other assets or collateral involved.
TThhiiss iiss wwhhyy yyoouu aarree ppaayyiinngg ffoorr MMoorrttggaaggee IInnssuurraannccee
No Prepayment Penalty ARM or Fixed Loans
Three Day “Right of Recission” on refinances
Advance Disclosures
Third Party Counseling
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13. CCoonnssuummeerr IInntteerreesstt iinn PPrrooggrraamm
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Older Consumers
Adult Children of Seniors
Senior Service Professionals
Attorneys
CPA’s
Financial Advisors
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AARP has published
many informational
articles about Reverse
Mortgages

14. For an Enhanced Quality of Life
AA RReevveerrssee MMoorrttggaaggee
Can Be An Alternative Senior Cash Flow Source
FFoorr yyoouurr FFRREEEE PPeerrssoonnaall AAnnaallyyssiiss
SSTTAARR MMAARRIIEE DDAARRDDEENN
AAllwwaayyss ggooiinngg tthhee eexxttrraa mmiillee !!
619-892-5626
866-550-8326