HOW IT WORKS....

                                         TYPES OF REVERSE MORTGAGES

  We have three reverse mortgage programs to work with.  Your  Reverse Mortgage Expert
   will help determine the best solution for you.

   The categories are:

      1.  FHA Insured Reverse Mortgages, also known as Home Equity Conversion 
      Mortgages. (HECM).  FHA offers two choices, the FHA monthly adjustable and FHA
      Annual Adjustable.

      2.  Fannie Mae Home keeper Program.

      3.  Cash Account® Programs; often described as the jumbo reverse mortgage program.

      4.  Your Reverse Mortgage Expert can help you put together a combination of all 
           three of the above.

                        HOW MUCH OF MY EQUITY WILL I RECEIVE?

   During your initial consultation, your Reverse Mortgage Expert will ask you for the
   following information:

     - Name(s) of the homeowners
     - Dates of their birth(s)
     - Zip code where the property is located
     - A preliminary estimate of the value of the property
     - A preliminary estimate of the balance due on any existing mortgages

   This information is entered into a computer program that calculates the amount of equity
   you will be permitted to access.  Once the initial calculation is made, the program will
   subtract the loan fees, and amount of your proceeds needed to pay off any existing
   mortgages, the remaining balance is the amount of Reverse Mortgage proceeds available to
   you.
            **The amount of your Reverse Mortgage will also very from program to program.**

   Regardless of how you draw your funds, there are no limitations on how you use your
   proceeds.  These proceeds are tax free, not considered income, and therefore have no affect
   on your social security or Medicare benefits.  

   The best features of this program is the flexibility on how you draw your funds.  You have
   four choices:

      First Option:  
      Lump Sum:  You may take the full amount of the available proceeds in one lump sum.

      Second Option:  
      Tenure Plan:  You may chose to receive monthly tax-free income for life.  This is for  
      the life of the last person living in the home that was also a signer on the loan.  If your
      spouse should pass away, the monthly check in the same amount will continue until the 
      last person on the loan chooses to sell the home or has passed away.

      Third Option:
      Credit Line:  You many chose to use your proceeds like a line of credit. This allows you 
      to draw your funds as your needs dictate.  The amount you draw is only limited by the
      available balance, and there are no restrictions on how you use the funds.

      Fourth Option:
      A combination of any of the above three.

   How you choose to receive your funds is not a factor in the underwriting
   of the loan and you do not need to declare your choice until a few days
   before your loan is ready to close.



     You can use your home to stay at home

   Questions about costs?