WAITING SIMPLY DOESN’T PAY!

“Some people think that they should wait until they run out of money to get a reverse mortgage but waiting can be costly. There is no guarantee you will qualify in the future. Unfortunately, some people who wait to get a reverse mortgage until it was needed found that they no longer qualified. You should be aware that research shows that waiting for a reverse mortgage generally isn’t optimal and that NOW may be the best time to act. Let’s have a conversation to see if a reverse mortgage makes sense for you.”

This material is not from HUD or FHA and has not been approved by HUD or any government agency.The reverse mortgage borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance.? The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. LeaderOne Financial Corporation is licensed by the Arizona Department of Financial Institutions. Mortgage Banker License # - 0918657.?? Corporate Headquarters: 7500 College Blvd Suite 1150; Overland Park, KS 66210, NMLS ID #12007 https://www.nmlsconsumeraccess.org.? Toll Free (800) 270-3416.? This advertisement does not constitute loan approval or a loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.