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C & R Mortgage Corp - NMLS #227317 – Licensed in Illinois, California, Arizona, North Carolina, Colorado, Florida, Michigan, Indiana, Tennessee, & Wisconsin - Gary Franchi NMLS #232268 - Mortgage Banking License Number: MB.0004053 - State of Illinois, Division of Banking - Illinois Department of Financial and Professional Regulations (IDFPR) - James R. Thompson Center (JRTC) - 100 West Randolph Street 9th Floor - Chicago, Illinois 60601 - Telephone Number: 1-888-473-4858 - www.idfpr.com - Illinois Residential Mortgage Licensee **Reverse mortgage loan terms include occupying the home as your primary residence, maintaining the home, paying property taxes and homeowners insurance. Although these costs may be substantial, your lender does not establish an escrow account for these payments. However, a set-aside account can be set up for taxes and insurance, and in some cases may be required. Not all interest on a reverse mortgage is tax-deductible and to the extent that it is, such deduction is not available until the loan is partially or fully repaid. **C & R Mortgage may charge an origination fee. C & R Mortgage is a mortgage broker that will shop, compare and match each borrower with a lender. The lender will charge mortgage insurance premium (where required by HUD), closing costs and servicing fees, rolled into the balance of the loan. The lender charges interest on the balance, which grows over time. When the last borrower or eligible non-borrowing spouse dies, sells the home, permanently moves out, or fails to comply with the loan terms, the loan becomes due and payable (and the property may become subject to foreclosure). When this happens, some or all of the equity in the property no longer belongs to the borrowers, who may need to sell the home or otherwise repay the loan balance. Home Equity Conversion Mortgage (HECM) Disclosure ** By sharing your contact information, you expressly consent to C & R Mortgage to contact you about your inquiry at the phone number and/or email address you provide using a manual or automated system. You are not required to enter into this agreement as a condition for doing any kind of business with C & R Mortgage, and you can revoke this consent any time.