Senior Equity Reverse Mortgage^® Consider your needs & goals.

Choosing a reverse mortgage is an important decision for you and your family. We encourage you to assess your current and future situations to determine your needs and goals, and then research all possible financial solutions.

When a reverse mortgage may not be right for you

It's important to understand situations in which a reverse mortgage may not be the best solution for your needs. Here are some reasons why a reverse mortgage may not be right for you:

• You're considering moving within a few years
• You want to leave your home to your heirs, and they will not or cannot pay back the loan with other funds or financing
• You're looking for funds to invest

Alternatives to consider

Once you research reverse mortgage and discuss with family and advisors, you may conclude one isn't quite right for you. There are alternatives that may be better, such as:

• Mortgage refinancing: There are generally three reasons to refinance your existing mortgage: to lower your monthly payments, to pay off your mortgage faster and to take cash out of the equity in your property.
• Home equity loan or line of credit: These products borrow against the value of the home. A loan is distributed in a lump sum and a line of credit can be drawn upon as needed within a specific draw period.
• Personal loan: Personal loans are unsecured, meaning no collateral is required. Interest rates are typically higher than other types of financing options.

Please note that unlike many reverse mortgages, the options listed above have income and credit score qualifications and must be paid back in monthly payments within a specified time period (HECM for Purchase with retention of existing property requires income and credit qualifications. Please contact a reverse mortgage solution advisor for details.).

Bank of America will help you understand the facts about reverse mortgages and other available options. Learn more by calling today 1.877.245.8852.