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The problem facing seniors Program designed for seniors Why there may not be a better time Solutions available to seniors Overview 2

The Problem We’ve seen an influx of people interested in solutions designed specifically for seniors due to what’s happened in the financial markets. Substantial loss of assets Reduced income stream Spending principal to maintain lifestyle Deteriorating home values 3

The Problem Increased chance of outliving money Less capable of providing financial assistance to loved ones Potentially becoming burden to family Unknown timeframe for economic recovery 4

Program Designed For Seniors There are programs designed specifically for seniors 62 or older that allow them to tap the equity in their home and turn it into tax-free cash. These particular loans have: NO income qualifications NO credit qualifications Best feature: NO monthly payments 5

Program Designed For Seniors These loans have been underutilized simply because of lack of education and awareness. It is referred to as reverse mortgage or a Home Equity Conversion Mortgage (HECM) It contains built-in consumer protections. The FHA recently introduced a HECM Saver with minimal upfront costs. 6

Program Designed For Seniors Newsday.com “The government, AARP, Kiplinger (the business forecast and personal finance advice publisher) and others, recommend the federally insured reverse mortgages as a good deal if you're at least 62, have sufficient equity in your primary residence and need a cash cushion.” New York Times “In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.” 7

Becoming Well Known THE WALL STREET JOURNAL “How To Fund Retirement Living” “Seniors Drawn to Mortgages That Give Back” USA Today “Reverse Mortgage Can Be A Blessing” Kiplinger’s Personal Finance “Your Home as a Retirement Fund” 8

MetLife Mature Market Institute & National Council on Aging Tapping Home Equity in Retirement A study released in June,

“Home equity can play an important role… in coping with financial uncertainties in later life.” “…it can also help older homeowners to remain flexible and adaptive, and to respond to problems while they are still manageable.” Tapping Home Equity in Retirement MetLife Mature Market Institute & National Council on Aging 10

“Financial professionals should re-examine the role of housing wealth as an integral part of financial risk management.” “…new ways to view reverse mortgages as part of a financial strategy to increase income security, enhance financial resilience, and improve debt management.” Tapping Home Equity in Retirement MetLife Mature Market Institute & National Council on Aging 11

“Home equity remains a major financial asset and can significantly impact retirement security. How this and future generations decide to use their home equity could determine how well many fare in retirement.” “Not tapping home equity through a reverse mortgage increases the percent of those at risk. This change is striking: its impact on the percent of households ‘at risk’ is greater than that of the stock market crash.” Center for Retirement Research at Boston College The NRRI and the House, Fact Sheet No. 1, March

Because these loans have been underutilized there are some questions that come up and they will be addressed here… Questions and Answers 13

Questions and Answers MY SPOUSE HASN’T REACHED 62 YEARS OLD. CAN I GET A HECM? Yes. As the only borrower, if he or she moves, sells or passes away the loan would be payable. You may choose to do so in conjunction with financial advice from a professional. 14

Questions and Answers WILL THE LENDER TAKE MY HOUSE? No. The title stays in your name. The loan is a lien just like a conventional mortgage. If you, or ultimately your heirs, sell the house you or your heirs keep any remaining equity. 15

Questions and Answers WHAT ARE THE COSTS CONNECTED WITH A HECM? The costs are much the same as those of a traditional mortgage. The only out-of-pocket cost is an FHA appraisal ($400- $450). Also, our strategic partner has multiple lenders such as MetLife Bank and Bank of America and they shop for the best program and the best interest rate for you. 16

Questions and Answers AM I SPENDING MY CHILDRENS’ INHERITANCE? After the loan is paid off, your heirs keep the remaining equity. Many people use a HECM to help loved ones now. Others arrange to use some of the money to leave heirs even more. Children of many seniors are happy that their parents have a financial solution available to help them live more independently and financially secure. 17

Questions and Answers AREN’T THESE LOANS ONLY FOR THOSE IN NEED? Certainly the HECM has helped folks in need, but it is frequently used as a tool by homeowners to enhance their retirement years in conjunction with financial advice from a professional. For instance, it is commonly used to protect and preserve assets from the single most catastrophic risk seniors face. 18

Questions and Answers I CURRENTLY HAVE AN EXISTING LOAN. CAN I GET A HECM? Sure, if the proceeds from the HECM are sufficient to pay off the existing loan. Many people like it because it eliminates a monthly mortgage payment, freeing up cash for other purposes. 19

Questions and Answers WILL I OWE MORE THAN MY HOME’S VALUE? You will never have to pay back more than the value of the house at any point in the future – guaranteed by the Federal Housing Administration (FHA). You’ll never leave behind a debt. 20

Questions and Answers WILL IT DISQUALIFY ME FROM SOCIAL SECURITY OR MEDICARE BENEFITS? No. Using money from your house does not affect Social Security or Medicare benefits. What’s more, it will not contribute to taxation of your Social Security benefits. For any other entitlement, it is recommended that you speak with the appropriate governmental agency. 21

Questions and Answers I’M THINKING ABOUT MOVING. MAY I BUY MY NEXT HOUSE WITH A HECM? Yes. A new feature allows seniors to use a HECM to purchase a principal residence, allowing you to keep significantly more of your assets to help fund your retirement and protect your assets. 22

Financial Professionals Are NOT Allowed To Offer These Loans Loan Providers May Not Offer Consumers Financial Products Purchasing a Financial or Insurance Product Cannot Be Required in Order to Obtain a HECM Built-In Safeguards and Strict Regulations 23

The Real Estate Bubble Real estate values rose rapidly from 2000 to 2006 and have since deteriorated. Depressed property values are not likely to improve soon. Why there may not be a better time 24

Time to Act? Home values not likely to recover any time soon Historically low interest rates 25

Increase spendable income Avoid spending principal Enhance lifestyle Protect and preserve assets Transfer greater wealth to loved ones Solutions Available to Seniors 26

Increase spendable income Plan for reliable, guaranteed income Relieve financial stress Pay off existing mortgages or debts Solutions Available to Seniors 27

Avoid spending principal Re-grow your assets Ensure you don’t outlive your money Strengthen your financial future Solutions Available to Seniors 28

Enhance lifestyle Live more comfortably Travel Purchase a vacation home Have the money you need, when you want it Solutions Available to Seniors 29

Solutions Available to Seniors Protect and preserve assets Avoid depleting life savings Remain in your home Maintain your independence Avoid the expense of extended health care “The single most catastrophic financial risk we face.” 30

Transfer greater wealth to loved ones Help grandchildren with college Gift money to family or charity Provide for your family’s future needs Solutions Available to Seniors 31

For those who may benefit from these solutions, we have formed a strategic alliance with a company that will: Strategic Alliance Educate you on the program Provide a no-cost, no-obligation consultation, including how much you may be eligible for 32

With your permission, we will forward a Client Contact Form to Spiriter Reverse Mortgage Solutions a division of a federally chartered bank, serving folks all over America The Preferred Client Group will call you and explain the programs and estimate the amount of money available to you.1010 For More Information They have multiple lenders and they shop for the best program and the best interest rate for you. 33