VIA FACSIMILE - HomeFirst Mortgage Corp.

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Dear Homeowner,

Thank you so much for visiting HomeFirst Mortgage Corp.’s website to learn more about Reverse Mortgages! We hope you will enjoy reading all of the educational documents we have assembled to provide you with a complete and unbiased education about these products. We want you to be able to make the most informed decision possible about whether or not a Reverse Mortgage, or one of our other loan products, is right for you.

Reverse Mortgages have actually been around for quite some time, but only recently have they come under close scrutiny by the Federal Government. This scrutiny has resulted in so many improvements, all designed to protect seniors---and their heirs. One example of this is that no senior homeowner can obtain a Reverse Mortgage without the approval of an independent government-approved counseling agency!

What is a Reverse Mortgage? It is a special type of home loan that allows homeowners, 62 and older, to

“reverse roles” and let their lenders pay them---tax free money---for as long as they remain in their home!

Some of the key points that make up reverse mortgage loans are:

✓ You retain the deed to your home---the lender is not added to the deed;

✓ No monthly or annual repayments on the loan are ever required;

✓ The loan can be used for any purpose---including the payoff of your existing mortgage;

✓ Proceeds can be taken as a lump sum, a line of credit, a monthly check---or any combination of these;

✓ Medicare or Social Security benefits will not be affected;

✓ No credit requirements! An income---or even the lack of an income---has no effect on eligibility;

✓ Your repayment amount can never be greater than the value of your home when it is sold;

If it is sold for less than the repayment amount---your heirs do not repay the difference;

If it is sold for an amount greater than the repayment amount---your heirs receive the difference;

✓ Reverse Mortgages can not only provide income for you during your lifetime; they can be utilized as a

tool to preserve and protect the value of your estate for your heirs!

With our Reverse Mortgage Analyzer Software, which calculates all of the costs associated with obtaining a Reverse Mortgage, you will be able to evaluate the total costs of the lifetime of your loan. You will see how a Reverse Mortgage may be one of the most inexpensive sources of tax-free revenue available to meet your financial needs.

Please contact me at 703.549.3400 or aennis@ so we can schedule some time to discuss your financial requirements. Feel free to invite family members, financial advisors or anyone else you deem appropriate to be present at our meeting.

Sincerely,

Anita Ennis

Reverse Mortgage Specialist

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