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• This material is not from HUD or FHA and has not been approved by HUD or any government agency.

• LBL Mortgage/Long Beach Reverse Mortgage is Licensed Mortgage Broker in the State of California www.bre.ca.gov

• When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds.

• LBL Mortgage/Long Beach Reverse Mortgage may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan).

• The balance of the loan grows over time and interest is added to the balance.

• Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). 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. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. 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.

• LBL Mortgage/Long Beach Reverse Mortgage NMLS#1381254 (www.nmlsconsumeraccess.org)

@2020 Long Beach Reverse Mortgage is a Division of LBL Mortgage.

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