Interested in purchasing this property for
Minimum
cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home
Using a FHA-insured home equity conversion mortgage, you can own this beautiful condo/home for
44-52% down and NEVER have a monthly mortgage payment! (Minimal Credit and Income Requirements)
Please contact me to learn more:
Bob Adams
Security 1 Lending | NMLS #506505
badams@S1L.com
703-475-1555
Download FREE Buyer’s Guide at:
http://reversemortgagewithbob.com/wp-content/uploads/2013/11/hecm_buyers_guide_bob_adams.pdf
©2013 *The information being provided is an ESTIMATE ONLY. Interest rates and funds available may change daily without notice. This is not an offer, an application or a commitment to make a HECM mortgage to you. In order to be considered and qualified for a HECM mortgage, you must submit a completed HECM mortgage loan application. Closing costs vary from state to state and can affect down payment. Borrower must maintain home as primary residence and remain current on property taxes and homeowner’s insurance. Please check with your HECM Specialist for actual figures. FIXED rate 5.06% (10/5/2013) APR Range 6.756% - 7.279% (based on purchase price and age of youngest borrower). Estimated fees, including the up-front FHA mortgage insurance premium, range from $3,500 to $15,000 depending upon the value of the home (included in mortgage). Your loan balance and accrued interest will become due upon a maturity or default event such as no longer living in the home as your principal residence, failing to pay your hazard insurance or property taxes, or failing to maintain your property. Security 1 Lending dba RMS, Inc. 2727 Spring Creek Drive, Spring, TX 77373
Purchase
Price
$125,000
$150,000
$175,000
$200,000
$225,000
AGE
Cash
Required
Cash
Required
Cash
Required
Cash
Required
Cash
Required
62
$ 66,011
$ 78,736
$ 91,461
$104,186
$116,911
65
$ 64,136
$ 76,486
$ 89,836
$101,186
$113,536
68
$ 62,511
$ 74,536
$ 86,561
$ 98,586
$110,611
70
$ 61,261
$ 73,036
$ 84,811
$ 96,586
$108,361
73
$ 59,386
$ 70,786
$ 82,186
$ 93,586
$104,986
75
$ 58,136
$ 68,286
$ 80,436
$ 91,586
$102,736
77
$ 57,136
$ 68,086
$ 79,036
$ 89,986
$100,936
80
$ 55,511
$ 66,136
$ 76,761
$ 87,386
$ 98,011
83
$ 53,636
$ 63,886
$ 74,136
$ 84,386
$ 94,636
Interested in purchasing this property for
Minimum
cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home
Using a FHA-insured home equity conversion mortgage, you can own this beautiful condo/home for
44-52% down and NEVER have a monthly mortgage payment! (Minimal Credit and Income Requirements)
Please contact me to learn more:
Bob Adams
Security 1 Lending | NMLS #506505
badams@S1L.com
703-475-1555
Download FREE Buyer’s Guide at:
http://reversemortgagewithbob.com/wp-content/uploads/2013/11/hecm_buyers_guide_bob_adams.pdf
©2013 *The information being provided is an ESTIMATE ONLY. Interest rates and funds available may change daily without notice. This is not an offer, an application or a commitment to make a HECM mortgage to you. In order to be considered and qualified for a HECM mortgage, you must submit a completed HECM mortgage loan application. Closing costs vary from state to state and can affect down payment. Borrower must maintain home as primary residence and remain current on property taxes and homeowner’s insurance. Please check with your HECM Specialist for actual figures. FIXED rate 5.06% (10/5/2013) APR Range 6.756% - 7.279% (based on purchase price and age of youngest borrower). Estimated fees, including the up-front FHA mortgage insurance premium, range from $3,500 to $15,000 depending upon the value of the home (included in mortgage). Your loan balance and accrued interest will become due upon a maturity or default event such as no longer living in the home as your principal residence, failing to pay your
Purchase
Price
$250,000
$275,000
$300,000
$350,000
$400,000
AGE
Cash
Required
Cash
Required
Cash
Required
Cash
Required
Cash
Required
62
$ 129,636
$ 142,361
$ 155,086
$ 180,536
$ 205,986
65
$ 125,886
$ 138,236
$ 150,586
$ 175,286
$ 199,986
68
$ 122,636
$ 134,661
$ 146,686
$ 170,736
$ 194,786
70
$ 120,136
$ 131,911
$ 143,686
$ 167,236
$ 190,786
73
$116,386
$ 127,786
$ 139,186
$ 161,986
$ 184,786
75
$113,886
$ 125,036
$ 136,186
$ 158,486
$ 180,786
77
$111,886
$122,836
$ 133,786
$ 155,686
$ 177,586
80
$108,636
$119,261
$ 129,886
$ 151,136
$ 172,386
83
$104,886
$115,136
$125,386
$ 145,886
$ 166,386
hazard insurance or property taxes, or failing to maintain your property. Security 1 Lending dba RMS, Inc. 2727 Spring Creek Drive, Spring, TX 77373.
Interested in purchasing this property for
Minimum
cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home:
Using a FHA-insured home equity conversion mortgage, you can own this beautiful condo/home for
44-52% down and NEVER have a monthly mortgage payment! (Minimal Credit and Income Requirements)
Please contact me to learn more:
Bob Adams
Security 1 Lending | NMLS #506505
badams@S1L.com
703-475-1555
Download FREE Buyer’s Guide at:
http://reversemortgagewithbob.com/wp-content/uploads/2013/11/hecm_buyers_guide_bob_adams.pdf
©2013 *The information being provided is an ESTIMATE ONLY. Interest rates and funds available may change daily without notice. This is not an offer, an application or a commitment to make a HECM mortgage to you. In order to be considered and qualified for a HECM mortgage, you must submit a completed HECM mortgage loan application. Closing costs vary from state to state and can affect down payment. Borrower must maintain home as primary residence and remain current on property taxes and homeowner’s insurance. Please check with your HECM Specialist for actual figures. FIXED rate 5.06% (10/5/2013) APR Range 6.756% - 7.279% (based on purchase price and age of youngest borrower). Estimated fees, including the up-front FHA mortgage insurance premium, range from $3,500 to $15,000 depending upon the value of the home (included in mortgage). Your loan balance and accrued interest will become due upon a maturity or default event such as no longer living in the home as your principal residence, failing to pay your hazard insurance or property taxes, or failing to maintain your property. Security 1 Lending dba RMS, Inc. 2727 Spring Creek Drive, Spring, TX 77373.
Purchase
Price
$450,000
$475,000
$500,000
$550,000
$600,000
AGE
Cash
Required
Cash
Required
Cash
Required
Cash
Required
Cash
Required
62
$ 231,436
$ 244,161
$ 256,886
$ 282,336
$ 307,786
65
$ 224,686
$ 237,036
$ 249,386
$ 274,086
$ 298,786
68
$ 218,836
$ 229,861
$ 242,886
$ 266,936
$ 290,986
70
$ 214,336
$ 226,111
$ 237,886
$ 261,436
$ 284,986
73
$ 207,586
$ 218,986
$ 230,386
$ 253,186
$ 275,986
75
$ 203,086
$ 214,236
$ 225,386
$ 247,686
$ 269,986
77
$ 199,486
$ 210,436
$ 221,386
$ 243,286
$ 265,186
80
$ 193,636
$ 204,261
$ 214,886
$ 236,136
$ 257,386
83
$ 186,886
$ 197,136
$ 207,386
$ 227,886
$ 248,386
FHA-insured Loan Lets You Buy Your Dream Home
With As Little As 44% Down and No Monthly
Mortgage Payments
If you’re at least 62 then you will want to learn about the FHA-insured HECM for Purchase program, or
H4P for short.
The H4P program was launched in January, 2009. However, you may not be aware of this program
because it is not frequently advertised to the public. Currently, Security 1 Lending is one of the few
lenders offering the program. We lead all other reverse mortgage lenders combined! In other words, it’s a
sure bet that your local bank does not offer this program.
How Does The H4P Program Work?
First, you need to be aware that the program is insured by the federal government and the rules allow you
to buy your dream home for as little as 44% down and NEVER make a monthly mortgage payment.
Every day I hear “it sounds too good to be true, what’s the catch?” The only catch is you have to be at
least 62 and the new home has to be your primary residence.
1Next, the amount required to bring to closing is based on the youngest borrower’s age and the purchase
price of the home. For example, a 70 year old purchasing a $200,000 home would bring just $96,586 to
closing.
2That’s it…and never make a single monthly mortgage payment!
How Do I Learn more?
For complete details, contact us today at:
Bob Adams
NMLS#506505
Security One Lending
H4P Specialist
badams@s1l.com
703-475-1555
BOB WILL BRING LUNCH AND LEARN SEMINARS TO YOUR OFFICE OR
ORGANIZATION
Reverse Mortgage Solutions, Inc. dba Security 1 Lending. 2727 Spring Creek Drive, Spring, TX 77373. NMLS ID 107636. Alabama Consumer Credit License #21246. Alaska Mortgage Broker/Lender License #AK107636. Arizona Mortgage Banker License #0923600. Arkansas Combination Mortgage Banker/Broker/Servicer License #101172. Loans will be made or arranged pursuant to California Department of Business Oversight Residential Mortgage Lending Act License #4131074. Regulated by the Colorado Division of Real Estate. Colorado Mortgage Company Registration #107636. Connecticut
1 Borrower must maintain home as primary residence and remain current on property taxes and homeowner’s insurance 2 Subject to change. Rates and down payments can fluctuate daily
Mortgage Lender License #ML-107636. Delaware Licensed Lender #012503. District of Columbia Mortgage Lender License #MLB107636. Florida Mortgage Lender #MLD629. Georgia Residential Mortgage Licensee. Georgia Mortgage Lender License #32179. Idaho Mortgage Broker/Lender License #MBL-7963. Hawaii Loan Originator Company License #HI-107636. Illinois Residential Mortgage Licensee #6760766. Indiana-DFI First Lien Mortgage Lending License #19368. Iowa Mortgage Banker License #2010-0011. Kansas Licensed Mortgage Company #MC.0025042. Kentucky Mortgage Company License #MC71766. Louisiana Residential Mortgage Lending License #107636. Maine Supervised Lender License
#SLM11493. Maryland Mortgage Lender License #19060. Michigan 1st Mortgage Broker/Lender/Servicer Registrant
#FR0018486. Minnesota Residential Mortgage Originator License #MN-MO-107636. Mississippi Mortgage Lender License #107636. Missouri Mortgage Broker, License # 12-2061-S-A. Montana Mortgage Lender/Servicer License #107636. Nebraska Mortgage Banker License #2070. Nevada Mortgage Banker License #3947. Licensed by the New Hampshire Banking Department, Mortgage Banker License #16889-MB. New Jersey Residential Mortgage Lender License #107636. New Mexico Mortgage Loan Company License #107636. North Carolina Mortgage Lender License #AL-147823. North Dakota Money Broker License #MB-102470. Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850001.000. Oklahoma Mortgage Broker License #MB001373. Oregon Mortgage Lending License #ML-4950. Licensed by the
Pennsylvania Department of Banking, Mortgage Lender License #40634. Puerto Rico Mortgage Lender/Servicer License #IH-169. Rhode Island Lender License #107636. South Carolina-BFI Mortgage Lender/Servicer License #MLS-107636. South Dakota Mortgage Lender License #ML.04992. Tennessee Mortgage License #109352. Texas-SML Mortgage Banker Registration #107636. Complaints Regarding Mortgage Bankers Should Be Sent to the Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. A Toll-Free Consumer Hotline is Available at 1-877-276-5550. Utah-DRE Mortgage Entity License #8514955. Vermont Lender License #6448. Virginia Lender License, NMLS ID 107636.
www.nmlsconsumeraccess.org.
Washington Consumer Loan Company License #CL-107636. West Virginia Mortgage
Lender License #ML-30335. Wisconsin Mortgage Banker License #107363BA. Wyoming Mortgage Lender/Broker License #2380. This advertisement is for a first mortgage loan. Reverse Mortgage Solutions, Inc. also works with other companies that offer reverse mortgages. Reverse Mortgage Solutions, Inc. may forward your contact information to other lenders for your consideration of reverse mortgage programs that they offer. The loan balance and accrued interest will become due upon a maturity or default event such as the borrower(s) permanently leaving the home or no longer living in the home as the principal residence, failure to pay hazard insurance or property taxes, or failure to maintain the property. (888) 918-1110.
www.nmlsconsumeraccess.org
