Reverse Mortgage Educational Webinar

As more retirees consider ways to supplement their income and age in place, reverse mortgages are often discussed—but not always clearly understood. This educational webinar will cut through the myths and media noise, providing a comprehensive, balanced look at reverse mortgages so you can make informed decisions about your financial future. What You’ll Learn • Reverse Mortgage Basics: What is a reverse mortgage (specifically the federally insured Home Equity Conversion Mortgage, or HECM), and how does it work? Learn how it allows homeowners aged 62+ to access home equity without monthly mortgage payments, while retaining home ownership1. • Eligibility: Who qualifies for a reverse mortgage? Understand age, property, and financial requirements, as well as the role of mandatory independent counseling12. • Potential Benefits: Explore how a reverse mortgage can enhance retirement cash flow, help you remain in your home, and provide flexible payment options (lump sum, monthly payments, or a line of credit)1. • Potential Drawbacks: Learn about the costs (origination fees, mortgage insurance, closing costs), impact on inheritance and estate planning, and the importance of maintaining property taxes, insurance, and upkeep to avoid default1. • Alternatives: Compare reverse mortgages to other options like home equity loans, property tax deferral programs, or selling and downsizing12. • Real-World Case Studies: See practical examples of when reverse mortgages make sense—and when they may not. • Key Questions to Ask: Get a checklist of essential questions and considerations before deciding if a reverse mortgage is right for you or your loved ones1. Format and Approach This session is purely educational—no sales pitch. The presenter values your trust and aims to provide clear, unbiased information, empowering you to make the best choices for your situation. There will be ample time for Q&A, so bring your questions. How to Attend • RSVP: Reply to this email or register at: https://legacyhomecapital.com/webinar-1 • Share: Feel free to invite friends or family who may benefit. • Can’t Attend Live? Let us know if you’d like a recording or to schedule a personal call to discuss the topic. Why Attend? Reverse mortgages are complex financial products with significant benefits and risks. This webinar will help you: • Separate fact from fiction • Understand your rights and responsibilities as a borrower • Protect yourself from common pitfalls and scams • Make confident, informed decisions about your home and retirement finances Whether you’re curious, cautious, or considering a reverse mortgage, this session will provide the clarity you need. This webinar is for educational purposes only. No products will be sold, and all information is presented in accordance with HUD and industry best practices for consumer protection and unbiased counseling. Legacy Home Capital is A Division of Central Coast Lending Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License No. 41DBO-74723. NMLS #328358