Reverse Insider | Volume 2 | December 2021

Y E A R 1 | V O L 2 | D E C E M B E R 2 0 2 1 REVERSE Insider I id R E V E R S E M O R T G A G E F U N D I N G N E W S L E T T E R

When It Comes To Holiday Shopping, Follow These Six Planning Tips For Smarter Spending And Less Debt. SMART HOLIDAY SPENDING TO AVOID NEW YEAR DEBT

REVERSE INSIDER

The hol iday season i s in ful l - swing — al though things are not qui te back to normal . IT’ S A HOLIDAY SEASON LIKE NO OTHER (AGAIN) : ARE YOU PREPARED? From shipping delays to inf lat ion, today ’ s l inger ing economi c chal lenges brought on by the pandemi c must be addressed to make the most of the fest i ve season and to minimi ze the f inanc ial impact . Gett ing ahead of hol iday debt Many Amer i cans are look ing forward to purchas ing gi f ts and celebrat ing wi th fami l y and f r iends . But are you seek ing oppor tuni t ies to ease overspending , f ind hol iday bargains , st retch your budget for gi f ts or shi f t your t ravel costs to keep more money in your pocket ? Now more than ever , i t ’ s impor tant to think through your f inances before mak ing any qui ck dec i s ions .

REVERSE INSIDER REV RSE INSIDER

This year, more than 214 million Americans plan to shop for holiday gifts, spending an estimated $163 billion. What’s more, 29% — or more than 35 million Americans — who purchased holiday gifts on a credit card last season still haven’t paid off their balances. The most wonderful time of the year doesn’t have to be the most expensive. Savor the season and save For individuals in or nearing retirement, it might be a good time to think about budgeting long-term. A reverse mortgage loan from Reverse Mortgage Funding LLC (RMF) is a home-secured loan that can help you free up your equity to live the retirement lifestyle you’ve worked so hard to achieve. The funds can be accessed as lump sum you can use today, a monthly payment you can count on or a line of credit that’ll be there if and when you need. †

Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.

†

REVERSE INSIDER

SPREADING HOLIDAY CHEER — WITHOUT BREAKING THE BANK WHEN I T COME S TO HOL I DAY SHOP P I NG , FOL LOW THE S E S I X P L ANN I NG T I P S FOR SMAR T E R S P END I NG .

Shop around. Keep an eye on sales and deals. If you wait until the last minute, you’re likely to end up spending way more than you intended. Be flexible, and if you have to change plans and purchase a different gift, cut yourself some slack this year. Minimize extraneous spending. Think about all the areas where you can free up some cash. Are you using all the streaming services you pay for each month? Is going out to brunch every weekend a priority? Save where you can. Choose credit cards wisely. Using a credit card can be a smart way to get the most out of your holiday shopping. A rewards card offers cash- back incentives for certain purchases, so you can earn money after you spend it. Cut down on personal shopping. Sure you want to treat yourself, but if it’s not in your budget, move on to the next person on your list.

The holidays come with their fair share of expenses. If you don’t plan ahead, you’re likely to end the year with less savings and a big credit card bill. Did you know that today’s older Americans are likely to have more debt, compared to those who retired in the 1990s? In fact, families with heads of household aged 55 to 64 have debt payments exceeding 40% of their income — more than any other age group.

So how can you spread holiday cheer without breaking the bank?

Jot down anticipated expenses. Make note of all holiday-related costs, including travel, décor, donations, dinners you may be hosting, and of course, gifts. You might be surprised to see how it all adds up. Set a gift-spending limit. It’s the thought that counts, right? Set a maximum threshold for how much you can afford to spend on each recipient, and stick to it. There are plenty of ways to give someone a gift they’ll love without blowing your budget.

REVERSE INSIDER

THINKING OUTSIDE THE BOX THE P E R F E C T G I F T S FOR OL DE R LOV ED ONE S

For comfort -seekers . From s l ippers and a plush robe to a weighted blanket , gi ve a gi f t of comfor t and relaxat ion thi s hol iday season. You can even put together a gi f t basket of scented candles and soothing teas to complement your cozy theme. For exercise buf fs . Have a loved one that ’ s always on the move? A F i tbi t or a membership to a local gym or YMCA may appeal to thei r love of act i v i ty . St i l l undec ided? Don ’ t st ress . No mat ter what you dec ide to gi ve, your f r iends and fami l y wi l l apprec iate the gesture.

What do you get someone who has everything?

Many older Amer i cans bel ieve they have acqui red enough things over the years , and may ins i st they don ’ t need or want anything when i t comes to hol iday gi f ts . But whether i t ’ s something thought ful , enter taining , pract i cal or comfor table, there ’ s always something for everyone to celebrate the season. For travelers . As rest r i ct ions cont inue to be l i f ted, there are more oppor tuni t ies to gi ve your loved ones the gi f t of t ravel . Ai r l ine or hotel gi f t cards can be a great way to help fund a future t r ip. For exper ience-seekers . Rather than something tangible, a gi f t cer t i f i cate to a favor i te restaurant , t i ckets to a show or even an Ai rbnb exper ience gi f t can al low them to create memor ies wi th people they care about . For sent imental ists . Celebrate the spec ial people in your l i fe wi th a gi f t that ’ s meaningful . Personal i zed photo gi f ts f rom retai lers l i ke Etsy — calendars , blankets , puzz les and more — or engraved jewel ry or glassware are al l good choi ces that tug at the hear tst r ings .

REVERSE INSIDER

KICK OFF THE NEW YEAR WITH SOLID FINANCIAL RESOLUTIONS! I S A R E V E R S E MOR TGAGE ON YOUR L I S T ?

As 2022 nears , you may be contemplat ing your resolut ions and new goal s for the year ahead. In fact , 65% of Amer i can adul ts are cons ider ing a f inanc ial goal for the new year . I f you ’ re st r i v ing to improve your f inanc ial heal th, here are some t ips to set yoursel f up for a comfor table f inanc ial future. Budget , budget , budget . Your f inanc ial heal th for the year rests largel y on fol lowing a sens ible budget . You should al ready have an est imate of how much you need each month to pay your bi l l s and l i v ing expenses . But how can you bet ter al locate your funds to erase your credi t card debt or make the home renovat ions you ’ ve been put t ing of f ? Be strategic wi th your credi t cards . Use a rewards card wi th 0% APR for balances you plan to carry month over month. Or , when headed to gas stat ion, make sure you ’ re charging the payment on a card that gi ves you cash back for f i l l ing your tank . Being st rategi c can pay of f big. Bui ld your emergency fund. More than hal f of Amer i cans have less than three months ’ wor th of expenses in an emergency fund. Make i t par t of your budget to put away as much money as you can af ford each month just for the unexpected. Establ i sh automat i c t ransfers to your sav ings , so you can set and forget i t .

REVERSE INSIDER REV RSE INSIDER

Make or update your will. What happens to your estate and your assets when you pass away? Your will is a critical tool to protect your family and to ensure your financial wishes are carried out. Make an appointment to sit down with a professional, so it’s one less worry for the rest of the year. Consider a reverse mortgage loan. Available to homeowners age 55 or older , this financial tool gives you access to your home equity as a lump-sum payment, a monthly payment or a line of credit that’s there when you need it — all while still living in and owning your home. Best of all, you can use the money as you wish to pay off medical bills, finance home improvements, supplement your income or even take a vacation. Secure the funds you need to live your best life during retirement. # † ‡

Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.

†

Ready for Next Month's Reverse Insider? You can expect to find it in your email inbox in early January as we kick off 2022.

Thank You for Reading!

Thi s mater ial has not been rev iewed, approved, or i ssued by HUD, FHA, or any government agency . The company i s not af f i l iated wi th or act ing on behal f of or at the di rect ion of HUD/FHA or any other government agency . Borrowers who elect a f i xed rate loan wi l l recei ve a s ingle di sbursement lump sum payment . Other payment opt ions are avai lable onl y for adjustable rate mor tgages . † As wi th any mor tgage, you must meet your loan obl igat ions , keeping current wi th proper ty taxes , insurance, and maintenance. Avai lable to borrowers as young as 55 in select states onl y . Higher minimum age requi rements may appl y . Vi s i t www. reversefunding. com/equi ty-el i te for detai l s . # Ch a r g e s s u c h a s a n o r i g i n a t i on f e e , mo r t g a g e i n s u r a n c e p r em i ums , c l o s i n g c o s t s a nd / o r s e r v i c i n g f e e s , i f a pp l i c a b l e , ma y b e a s s e s s e d a nd w i l l b e a dd e d t o t h e l o a n b a l a n c e . A s l on g a s y ou c omp l y w i t h t h e t e rms o f t h e l o a n , y ou r e t a i n t i t l e un t i l y ou s e l l o r t r a n s f e r t h e p r op e r t y , a nd , t h e r e f o r e , y ou a r e r e s pon s i b l e f o r p a y i n g p r op e r t y t a x e s , i n s u r a n c e a nd ma i n t e n a n c e . F a i l i n g t o p a y t h e s e amoun t s ma y c a u s e t h e l o a n t o b e c ome i mme d i a t e l y du e a nd / o r s ub j e c t t h e p r op e r t y t o a t a x l i e n , o t h e r e n c umb r a n c e o r f o r e c l o s u r e . T h e l o a n b a l a n c e g r ows o v e r t i me , a nd i n t e r e s t i s a dd e d t o t h a t b a l a n c e . I n t e r e s t on a r e v e r s e mo r t g a g e i s no t d e du c t i b l e f r om y ou r i n c ome t a x un t i l y ou r e p a y a l l o r p a r t o f t h e i n t e r e s t on t h e l o a n . A l t hou g h t h e l o a n i s non - r e c ou r s e , a t t h e ma t u r i t y o f t h e l o a n , t h e l e nd e r w i l l h a v e a c l a i m a g a i n s t y ou r p r op e r t y a nd y ou o r y ou r h e i r s ma y n e e d t o s e l l t h e p r op e r t y i n o r d e r t o r e p a y t h e l o a n , o r u s e o t h e r a s s e t s t o r e p a y t h e l o a n i n o r d e r t o r e t a i n t h e p r op e r t y . ©2 0 2 1 R e v e r s e Mo r t g a g e F und i n g L L C , 1 4 5 5 B r o a d S t r e e t , 2 nd F l oo r , B l oomf i e l d , N J 0 7 0 0 3 , 1 - 8 8 8 - 4 9 4 - 0 8 8 2 . Comp a n y NML S I D : #1 0 1 9 9 4 1 . F o r l i c e n s i n g i n f o rma t i on , g o t o : www . nm l s c on s ume r a c c e s s . o r g . A r i z on a Mo r t g a g e Ba n k e r L i c e n s e #0 9 2 7 6 8 2 ; L i c e n s e d b y t h e De p a r tme n t o f F i n a n c i a l P r o t e c t i on a nd I nno v a t i on und e r t h e C a l i f o r n i a R e s i d e n t i a l Mo r t g a g e L e nd i n g A c t ; L o a n s ma d e o r a r r a n g e d pu r s u a n t t o a C a l i f o r n i a F i n a n c i n g L aw l i c e n s e ; Ge o r g i a Mo r t g a g e L e nd e r L i c e n s e e #3 6 7 9 3 ; Ma s s a c hu s e t t s Mo r t g a g e L e nd e r L i c e n s e #ML 1 0 1 9 9 4 1 ; L i c e n s e d b y t h e New J e r s e y De p a r tme n t o f Ba n k i n g & I n s u r a n c e ; L i c e n s e d Mo r t g a g e Ba n k e r - NY S De p a r tme n t o f F i n a n c i a l S e r v i c e s - i n - s t a t e b r a n c h a dd r e s s 7 0 0 Co r po r a t e B l v d , Newbu r g h , NY 1 2 5 5 0 ; Rhod e I s l a nd L i c e n s e d L e nd e r . F o r C a l i f o r n i a c on s ume r s : F o r i n f o rma t i on a bou t ou r p r i v a c y p r a c t i c e s , p l e a s e v i s i t h t t p s : / / www . r e v e r s e f und i n g . c om/ p r i v a c y . No t a l l p r odu c t s a nd op t i on s a r e a v a i l a b l e i n a l l s t a t e s . T e rms s ub j e c t t o c h a n g e w i t hou t no t i c e . C e r t a i n c ond i t i on s a nd f e e s a pp l y . T h i s i s no t a l o a n c omm i tme n t . A l l l o a n s s ub j e c t t o a pp r o v a l . ‡