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 Your Reverse Mortgage Summary
Prepared for:Prepared by:
Ludye PoellnitzPeter SantilliNo street address enteredCoast Cities FinancialNo city entered15316 Dos Palmas RoadVictorville, Ca 92392
June 4, 2009
Phone: 760
-
684
-
8038
Your home is in Los Angeles County, California 90047 and has an estimated value of $315,000. Your age is calculated as if the loanclosing date will be Monday, August 3rd, 2009. When your next birthday is within six months after the loan closing date, these loanprograms consider you a year older. Your attained age then will the be 82, but your nearest birthday age will be 83.The table below shows the maximum line
-of-
credit (with no monthly Income), and, if available, the maximum monthly income (with noline
-of-
credit) that may be possible
after
paying off any mortgages and liens against your home. HECM is the federally
-
insured "HomeEquity Conversion Mortgage". It allows you to allocate funds between upfront cash, a line
-of-
credit (cash account), and monthly income.
You Could Get
Interest adjusts >
Cash Available before liens
 Less Liens and Disbursements
 Program is short by
(1)
A single lump sum advance of
(2) Or
a line
-of-
credit account ofthat grows larger each year by *so, if unused, available credit  in 5 years would be  in 10 years would be
(3) Or
a monthly loan advance for
 as long as you live in your home
HECM
-
T375
 
CMT
Monthly
$201,228
$224,300
($23,072)
$0$0
$0$0
$0
HECM
-
L325
 
LIBOR
Monthly
$208,078
$224,300
($16,222)
$0$0
$0$0
$0
Fixed Rate
 
HECM
N/A
$206,470
$224,300
($17,830)
$0
--
----
--
 
(4) Or
often, any combination of lump sum, line
-of-
credit account, and monthly advance * The line
-of-
credit growth rate above is based on today's interest rates. Actual  growth in your available line
-of-
credit will vary with future changes in rates.An important benefit of a reverse mortgage is that it will pay off the current debt on your home. Reverse mortgages don't require monthlypayments, so your available spending money will increase by the monthly payments you are now making on your mortgage.Reverse mortgages are very flexible. You can use the loan proceeds for virtually any purpose. Money not withdrawn immediately or setaside for a line
-of-
credit (Cash Account) can be used for one of several different payment plans.
These estimates
are based on monthly
-
adjusting HECM interest rates, maximum origination and servicing fees, and approximateclosing costs. Interest rates are current for the week of June 2nd. Actual loan amounts available depend on the rates in effect when a loanis closed, and the actual origination fee and closing costs charged. They also depend on the appraised value of your home and currentequity limits in each program.Best Regards,Peter SantilliVice President
Page 1 of 11
 
The Reverse Mortgage Analyst
Ludye Poellnitz
Loan Terms
 
Program Description
Adjusting periodInterest rate index Plus lender's margin
Initial loan interest rate
Plus mortgage insurance
Initial total loan rate
Initial creditline growth rateLifetime cap on interest rateHECM Expected RateMonthly Service Fee
Appraised Value of the home
Loan lending limit Lesser of limit or home value
Loan Principal Limit
 Less Service fee set
-
aside
Available Principal Limit
 LessFinanced Items  Loan origination fee  Mortgage insurance  Other closing costs
Net Principal Limit

Total Liens & Debt 

Program is short by
 Less Financed Liens & Debt Less
Lump
-
Sum Cash
 Less
Selected Creditline
Left for monthly advance

Monthly Advance
 No more lien payments
Increase in monthly cash
Monthly
Term
Total Fees & Costs
HECM
-
T375CMT
Monthly0.49%3.75%
4.24%
0.50%
4.74%
4.84%14.24%7.34%$35.00
$315,000
$625,500$315,000
$217,665
$3,964
$213,701
$5,150$6,300$1,024
$201,228
$224,300 
($23,072.45)
$201,228
$0$0$0$0
+0.00$0.00
Tenure
$12,474
HECM
-
L325LIBOR
Monthly0.316%3.250%
3.566%
0.50%
4.066%
4.143%13.566%7.040%$35.00
$315,000
$625,500$315,000
$224,595
$4,043
$220,552
$5,150$6,300$1,024
$208,078
$224,300 
($16,221.96)
$208,078
$0$0$0$0
+0.00$0.00
Tenure
$12,474
Fixed RateHECMN/A
--
 
--
 
7.125%
0.50%
7.625%
--
 7.125%7.125%$30.00
$315,000
$625,500$315,000
$222,390
$3,446
$218,944
$5,150$6,300$1,024
$206,470
$224,300 
($17,829.82)
$206,470
$0
--
 
$0$0
+0.00$0.00
Tenure
$12,474
The figures on this page are estimates only
, and are based on a variety of assumptions that are subject to change. These estimatesare based on interest rates for the week of June 2nd and the youngest borrower's birth date being 1/1/1927.Ludye PoellnitzDate
Page 2 of 11
 
 Fixed Rate HECM Disclosure
Below is a comparison of FHA HECM loan products
--
Adjustable (ARM) and Fixed Rate.
Column 1:
An open
-
end, monthly adjustable (ARM) HECM. The adjustable HECM has a Principal Lock feature
so that interest rate increases between the date of your application and the loan closing date should not lower the
amount of funds available to you. The various payout options include Line
-
of 
-
Credit, Term, Tenure, Modified Termand Modified Tenure.
Column 2:
A closed
-
end, fixed rate HECM with 100% utilization of the available principal limit. Rates may vary.
Please carefully read the Fixed Rate Lock Policy below.
Column 3:
Hypothetical example in which fixed rates have increased half a percent (0.50%) between applicationand closing.
1

2

3
Loan Terms
FHA HECM
FHA HECM
FHA HECM
Adjustable
Fixed Rate
+ 0.50%
Monthly
Fixed RateInitial Interest Rate Index
0.49%
--
-- Lender's margin
3.75%
--
--
Initial Interest Rate
4.24%7.125%7.625%
Mortgage Insurance Premium 0.50%0.50%0.50%
Initial Effective Loan Rate
4.74%7.625%8.125%Interest Rate Cap14.24%7.125%7.625%HECM Expected Rate7.34%7.125%7.625%Creditline Growth Rate4.84%
--
--
Monthly Service Fee$35.00$30.00$30.00
Plan Adjusted Home Value
$315,000$315,000$315,000
Total Principal Limit
$217,665$222,390$213,255 Financed Origination Fee$5,150$5,150$5,150
 Other Financed Costs
$1,024$1,024$1,024Initial Mortgage Insurance Prem.$6,300$6,300$6,300
Left After Fees and Costs
$205,191$209,916$200,781 Loan Service Set
-
aside$3,964$3,446$3,335
Left After Set-asides
$201,228
$206,470
$197,447
 Liens and Disbursements
$224,300$224,300$224,300
Available Cash for You
$0
$0
$0

Program is short by
$23,072
 
$17,830
 
$26,853
 
FIXED RATE LOCK POLICY
Your interest rate will be calculated and locked in once your loan has received final underwriting approval and yourclosing appointment has been scheduled. If your loan closing is rescheduled for any reason, your interest rate may bereset and the amount of money available to you may vary.
Ludye Poellnitz
Date

Page 3 of 11
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