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e s r reve Is a e g a g t mor e m r o right f A reverse mortgage is a way to convert a portion of your home s equity into tax free money returned to you No regular mortgage payments are required If you are at least 62 years old live in the home and have equity you may qualify CMF has the experience to guide you through the reverse mortgage process Still own and live in your home Pay off your existing mortgage Receive montly payments Pay off debt or medical expenses Improve your finances or lifestyle No monthly mortgage payments required Payment Options Available Monthly payments for life or term Lump sum Line of Credit to use as needed CMF offers a wealth of experience and expertise to guide you through the reverse mortgage process including access to HUD approved counselors If you qualify and your loan is approved a Reverse Mortgage must pay off your existing mortgage s With a Reverse Mortgage no monthly mortgage payment is required Borrowers are responsible for paying property taxes and homeowner s insurance which may be substantial We do not establish an escrow account for disbursements of these payments Borrowers must also occupy home as primary residence and pay for ongoing maintenance otherwise the loan becomes due and payable The loan must be paid off when the last borrower or eligible non borrowing surviving spouse dies sells the home permanently moves out or does not comply with the loan terms A Reverse Mortgage increases the principal mortgage loan amount and decreases home equity it is a negative amortization loan These materials are not from HUD or FHA and were not approved by HUD or a government agency Community Mortgage Funding CMF is a Credit Union Service Organization CUSO licensed by the following states Arizona Mortgage Banker License BK 0924262 BKBR 0118639 Department of Business Oversight California Finance License 6039200 Colorado Mortgage Company Registration 266418 Kansas Mortgage Company MC 0025141 Michigan 1st Mortgage Broker Lender Registration FR0019130 Ohio Mortgage Act CUSO Exemption SMCU5900040 Oklahoma License ML010014 Oregon Mortgage Lending ML 5059 TX SML Mortgage Banker Registration 266418 Washington Mortgage Broker CL 266418 Pursuant to the requirements of section 157 007 of the Mortgage Banker Registration and Residential Mortgage Loan Originator Act Chapter 157 Texas Finance Code you are hereby notified of the following consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential mortgage loan originator should complete sign and send a complaint form to the Texas Department of Savings and Mortgage Lending 2601 North Lamar Suite 201 Austin Texas 78705 Complaint forms and instructions may be downloaded and printed from the department s website at www Sml Texas Gov A toll free consumer hotline is available at 1 877 276 5550 by fax at 512 475 1360 or by e mail at smlinfo sml State Tx Us The department maintains the mortgage broker recovery fund to make payments of certain types of judgments against a mortgage broker or loan officer Not all claims are compensable and a court must order the payment of a claim from the recovery fund before the department may pay a claim For more information about the recovery fund please consult Subchapter F of the Mortgage Broker License Act on the department s web site referenced above 3201 W Temple Ave Suite 120 Pomona CA 91768 Toll free 877 915 3030