1. 1
You're a Baby Boomer. At 62+, you can buy a brand
new Smart Green Home for HALF PRICE.
Why is it SMART?
You make a onetime payment of approximately $70,000-$90,000 using Reverse
Purchase Mortgage, a special program guaranteed by the Federal Government. This is
half the price of a brand new, average size Smart Green Home.
The other half is financed by the bank with no income, no credit, no assets verification.
You'll NEVER make a mortgage payment for the rest of your life
Expect to pay approx. $150/month for power, water and insurance COMBINED!
Florida Real Estate taxes are some of the lowest in the country and Flagler County has
some of the lowest in the State. Along with our homestead exemption of $50,000 it’s
another smart reason to build our Smart Green Home.
Our houses are built without products that contain formaldehyde, chlorofluorocarbons,
asbestos, fiberglass or other toxic materials. We use only Certified Green: Zero VOC
Paint, Cabinetry and Carpet.
It’s virtually allergen, mold, pollen, pollutant and dust free.
The healthy environment inside keeps the occupants healthy, minimizing the need to
visit the doctor quite so often.
Reverse Purchase Mortgage Program.
You've built-up a nest egg, have a "retirement fund," have come into a bequest, have
members of your family able to "gift" you or and friends able to "back" you.
You can enjoy paradise year 'round in a certified Florida Green Home and, all without
having to pay one thin dime to a mortgage holder… EVER!

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If you're a Baby Boomer who's 62+, this is your plan.
 Through a relatively simple transaction, you can Reverse Purchase your certified
Green Home in paradise,
 Making a onetime payment of roughly 50% of the contract amount, and nothing
more.
 The other half is financed by the bank with no income, no credit, no assets
verification.
 You hold title to your new Smart Green Home, and don't pay any financial
institution anything for the rest of your life.
 The arrangement is guaranteed by the U.S. Government!
Reverse Mortgage Program.
You can enjoy the best of both worlds... with a Reverse Mortgage.
Live in your current home for the "good months" and in a certified Smart Green Home,
in paradise, for all the other times, all with no monthly mortgage payment, all without
having to pay one more thin dime to a mortgage holder… EVER!
You've owned your current home for quite some time. By today's standards, you paid
very little for it and over the course of time, it has appreciated. It's worth more, even in
today's market, than you may have expected. But, selling it outright -today- may not be
an easy task.
Your current home is either paid-off OR there's very little remaining on the
mortgage. Along the way, you've taken very good care of that home.
Now it's time for that home to take care of you! If you're a Baby Boomer who's 62+, this
is your plan.
 In effect, you can own two homes, not one, and not be indebted to any financial
institution for a mortgage payment for the rest of your life.
 Your current home, that you've taken such good care of over the years, is your
nest egg. Your equity in it (or, outright ownership of it) is, now, your line of credit
to obtain your piece of paradise; your Florida Green Home in Greater Palm
Coast/Flagler Beach/The Hammock.

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 Through a relatively simple transaction, you can obtain a Reverse Mortgage that
will give you, in cash, up to 50% of the value of your current home.
 That can be used to purchase your Smart Green Home outright.
 Now, you own TWO homes living a lifestyle that many cannot. You hold title to
both of them, and don't pay any financial institution anything for the rest of your
life.
 The arrangement is guaranteed by the U.S. Government!
Smart Homes for Smart People.
Buying a Brand New Smart Green Home (through government guaranteed programs)
means the buyer only has to come up with $70,000 - $90,000 (using Reverse Purchase
Mortgage).
We -simply- have to ask “Why wouldn't you want to wake up in the morning, throw open
the sash or walk out the door, and smell the crispness of the pine, the sweetness of the
flowers, watch the palms gently swaying in the ocean breeze, and take in the 24/7/365
green environment that, Mother Nature has so bountifully provided?"
Greater Palm Coast/Flagler Beach/The Hammock is that paradise.
Live in a Certified Green ecological area that provides a healthy environment and an
active lifestyle.
Calculate your savings.
Retired people living in our healthy, robust Florida climate have healthier and more
active golden years.
So, let’s calculate how much money a couple 62+ can save when they buy a new Smart
Green Home; one with three bedrooms, two baths and a two car garage - a total living
area of approximately 1300 sq. ft.; making use of a program guaranteed by the Federal
Government.
Where do the savings come from? How can you calculate what you’re going to save?
Assuming a period of 20 years, or 240 months, our calculations of average savings
show:

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1. You will not be paying a monthly mortgage, which could be around
$500/month. Multiply that by 240 months = $120,000.
2. You will be saving on your power, water and insurance payments, in the
neighborhood of $150/month. Multiply that by 240 months = $36,000.
3. You will be saving on repairs and maintenance, because your home is brand new
and of the highest quality.
4. Your savings over a 20 year period while living in a Smart Green Home could
possibly be in the neighborhood of $156,000.
ONE HUNDRED FIFTY SIX THOUSAND DOLLARS IN SAVINGS for 20years living in
Green home built by Florida Green Homes, LLC.
Want a child and your grandchildren to live close to you, but
separately?
We can build you a two-family home. You live in one half; your child and family in the
other.
With you as the owner, neither you nor your child will make a monthly mortgage
payment ‘til the end of your life. The Federally guaranteed program allows you to do
this!
Multiply the savings on power, water, insurance and monthly mortgage payments by
two families and the potential savings over the course of living in a Smart Green two-
family home for 20 years could possibly be $300,000.
Of course, you have the option of renting the other side out to a
family that’s not related to you, and you’ll benefit from receiving that
monthly rent check.
What kind of value do you place on peace of mind? Many retirees never think ahead
about how they’ll pay a monthly mortgage, or their utility bills and homeowners
insurance premiums. Some of these expenses are bound to go up while pension and
Social Security payments will not.

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Asks & Questions.
1. Am I eligible for a reverse mortgage?
To qualify for a reverse mortgage, you must:
 Be at least 62 years old. In the case of a couple or co-owners, both must be 62 if
their names appear on the title to the home. *
 Be a homeowner with equity in your home. You may qualify even if you have an
outstanding balance on your first mortgage. Single-family homes and qualified
condominiums, townhouses, manufactured homes, and 1- to 4-family owner-
occupied residences are eligible. Cooperative apartments may be eligible by
year-end 2002.
* If one spouse or co-owner is under 62, that person's name must be removed
from the title so that the other person can qualify for the reverse mortgage.
2. How much money can I get?
This depends on a few factors, including your age at the time of loan closing, the value
of your home, the amount of built-up home equity, and interest rates at the time of
origination. Other factors are the type of reverse mortgage product and particular
payment option you select.
Calculators that can help you estimate how much you could receive under different
products and payment options are available at NRMLA's Web site
(http://www.reversemortgage.org), and from most reverse mortgage lenders and
counselors.
YOUR HOME MUST BE DEBT-FREE TO QUALIFY FOR A REVERSE MORTGAGE.
INCORRECT. Even seniors with an outstanding first mortgage or some other debt on
their home may qualify for a reverse mortgage. The proceeds of the reverse mortgage,
though, must first be used to pay off such debts.
3. What are my payment options?
You decide how to receive the money generated by a reverse mortgage. In general,
your payment options are:
 An upfront lump sum payment;
 Line of credit;
 Fixed monthly payments for as long as you remain in your home (or a
predetermined, shorter period); or, if you choose,

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 A combination of monthly income and line of credit.
4. How much does a reverse mortgage cost? What are the upfront and closing
fees?
Many of the same costs of home purchase mortgages apply to reverse mortgages. You
can expect to be charged an origination fee, an upfront mortgage insurance fee (for
FHA Home Equity Conversion Mortgages, or HECMs), an appraisal fee, and certain
other standard closing costs. In most cases these fees and costs are capped and may
be financed as part of the reverse mortgage.
5. Do I need to get an appraisal of my home to get a reverse mortgage?
Yes. Since the value of your home is a factor in determining how much money you can
get from a reverse mortgage, an appraisal is required. Normally the lender will order the
appraisal, which is paid for by the borrower at the time of application.
6. Do I need a lawyer to apply for a reverse mortgage?
Legal counsel is not required. However, NRMLA encourages you to seek the advice of
a legal, tax, or financial advisor before committing to a reverse mortgage.
7. Am I required to receive counseling before I get a reverse mortgage?
Yes. Counseling, one of the safeguards of reverse mortgages, is required for all three
current reverse mortgage products before you can obtain a loan.
Counseling is an educational session at which you are informed about reverse
mortgages and your other options. You can get the name of a local counseling agency
or qualified telephone counselor from a reverse mortgage lender or by calling
 AARP (toll-free 1-800-424-3410)
 Fannie Mae's Homepath service (toll-free 1-800-732-6643)
 HUD's Housing Counseling Clearinghouse (toll-free 1-888-466-3487).
8. Is the money from a reverse mortgage taxable income?
Funds from a reverse mortgage are tax-free; it's your money, not additional income.
9. Will it affect my Social Security benefits or other government benefits?
A reverse mortgage does not affect regular Social Security or Medicare benefits. To
assess the impact, if any, on other federal or state assistance or medical programs, you
may wish to consult with your local Area Agency on Aging (to locate, call 1-800-677-
1116, or visit http://eldercare.gov), a reverse mortgage lender, or a tax attorney.

7. 7
THE BANK OWNS THE HOME AFTER YOU GET A REVERSE MORTGAGE.
INCORRECT. You own your home and retain title throughout the life of the reverse
mortgage.
Once you permanently move out of your home or pass it to your estate, the loan must
be repaid.
10. Who owns title to my home while my reverse mortgage is outstanding – the
bank or me?
You retain title to your home during the period when you have a reverse mortgage, just
the same as with a regular home purchase mortgage.
11. Am I required to pay anything during the course of the reverse mortgage
loan?
No. The flow of payments is reversed during the term of the reverse mortgage – the
lending institution pays you. However, you are responsible for keeping up payments for
your homeowner's
insurance and property taxes, and to maintain the condition of your home.
12. Are there any limits on how I can use the funds from a reverse mortgage?
No. Borrowers have spent the funds from reverse mortgages for a variety of purposes.
Among these have been to pay health care expenses, supplemental retirement income,
home improvements, home modifications, higher education, gifts to others, and long-
term care insurance premiums. Some have used a reverse mortgage to purchase
recreational vehicles, start a small business, and travel the Amazon. Some have used
reverse mortgages to eliminate expenses by paying off mortgages and credit card debt.
The only limit on how you use a reverse mortgage is your imagination.
13. What is the interest rate on a reverse mortgage and how is it determined?
The interest rate varies by type of reverse mortgage.
 For the HECM, the most popular product, the interest rate isadjusted either
monthly or annually (the borrower chooses)based on an index called the "1-
Year U.S. Treasury Constant Maturity Rate," which changes weekly.
 For monthly adjusting HECMs, the interest rate charged on
the loan for the next month is equal to the current 1-Year Treasury rate plus
1.5%.
 For annually adjusting HECMs, the interest rate charged on the loan for the
next year is equal to the current 1-Year Treasury rate plus 2.1%.

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 For Fannie Mae Home Keeper loans, the interest rate charged on the loan for
the next month is equal to the
current "1-Month Certificate of Deposit Secondary Market Rate" plus 3.4%.
 For the Financial Freedom Cash Account loan, the interest rate charged on
the loan for the next six months is equal to the current LIBOR rate (London
InterBank Offered Rate) plus a margin. The margin is 5.0% for the Cash
Account product with the standard benefit option and 4.0% for the Cash
Account product with the high benefit option.
 The latest 1-Year Treasury rate and 1-Month CD rate are issued by the
Federal Reserve Board, and are published – along with the LIBOR rate – in
financial newspapers. Interest charged on a reverse mortgage is "accrued."
That is, there is no payment of interest until the loan comes due.
14. What are equity share reverse mortgages?
Loans with an equity share feature allow you to receive a greater cash benefit in
exchange for a portion of your home's future value. One of the reverse mortgage
products currently available offers an equity share option. The potential amount shared
is limited by an overall interest rate cap. All reverse mortgages offered today have built-
in consumer protection features that prevent you or your heirs from owning more than
the value of your home at the time the loan comes due – even if your home declines in
value. This risk is assumed by the lender.
WHEN A REVERSE MORTGAGE COMES DUE, THE BANK SELLS THE HOME.
INCORRECT. When the loan must be repaid, you or your heirs can either pay the
balance due on the reverse mortgage and keep the home, or sell the home and use the
proceeds to pay off the reverse mortgage.
15. What happens if I move out of my house after I get a reverse mortgage?
Once you no longer occupy your home as your principal residence for more than one
year, the reverse mortgage comes due and must be repaid. Similarly, if you sell your
house, the reverse mortgage comes due.
16. What happens when my house gets passed to my heirs?
Once your home is passed to your heirs, the reverse mortgage comes due. Your heirs
may either pay the balance due on the reverse mortgage and keep the home, or sell the
home and use the proceeds to pay off the reverse mortgage. If they sell the home, they
get to keep any excess sales proceeds.

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17. And most important – Where can I get a reverse mortgage?
Reverse mortgages are offered mostly by private, specialized lenders. For a list of
lenders who belong to NRMLA who offer reverse mortgages in your state, visit
NRMLA's Web site, http://www.reversemortgage.org (Click on Find a Lender), or call
NRMLA, 1-866-264-4466.
COME BUILD WITH US YOUR HEALTHY, ACTIVE, ECONOMICAL LIFE
STYLE!
Read on…
You've put in your time, you've paid your dues and, your life's just about to begin!
Come live with us in paradise. Full or part time. It's your choice.
We -simply- have to ask “Why wouldn't you want to wake up in the morning, throw open
the sash or walk out the door, and smell the crispness of the pine, the sweetness of the
flowers, watch the palms gently swaying in the ocean breeze, and take in the 24/7/365
green environment that, Mother Nature has so bountifully provided?"
Greater Palm Coast/Flagler Beach/The Hammock is that paradise.
Palm Coast, by-the-way, is one of the few cities in Florida certified Green by the Florida
Green Building Coalition.
There's so much to see, experience and participate in, here. It's a lifestyle like no other!
The air is crisp and clean. There's little traffic or congestion. The schools are top-notch.
There are houses of worship representing a broad spectrum of faiths.
And, let's not forget, Stage shows and concerts. There are local productions of high
quality; and "bus & truck" performances from the entertainment centers of the country
presented locally, as-well-as in St Augustine and Jacksonville to the North; Daytona
Beach and Orlando to the South… both easily reached within an hour or so.
Restaurants and cuisine for all tastes; served in beautiful, formal restaurants, casual
pubs and outdoor cafes - by staff that care about your enjoyment and who smile as they
go about their duties

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 Golf… one of the highest "golf courses per capita" areas in the country
 Tennis… courts galore, and a community tennis center recently recognized and
awarded the Outstanding Public Facility Award for 2010 by the U.S. Tennis
Association.
 Fresh water and ocean fishing - deep sea, pier and beach
 Hiking/jogging/biking trails… miles and miles of them
 Historic preserves… steeped in the history of Florida and the Nation
 Youth, sports and nature parks… virtually everywhere you look
 The Atlantic Ocean and the Inland Waterway… bring your watercraft OR rent
one, here
 And all of this is within minutes of a desirable home site. Your home site!
 A ten or fifteen minute walk or drive brings you to all the area has to offer… not
an hour PLUS excursion.
 Our lifestyle is healthy… active… yet, relaxing.
 It just doesn't get much better than this ! ! !
How could it get any better ? ? ?
Why, your residence, of course. If you're living in paradise, shouldn’t your home rise to
the same standard?
Each Florida Green Homes owner receives certificates from six different organizations
attesting to the fact that their new home is certified green… including -on the Federal
level- the Environmental Protection Agency.

11. 11
The Platinum Certificate depicted is one of a very few awarded by the Florida Green
Building Coalition throughout the State. It is an honor and an industry recognition we
are, rightly, proud of. It represents being awarded some of the highest point tallies in a
broad range of categories; all dealing with safety, health, energy efficiency, eco-
friendliness, and more!
Without any housing payments due for the rest of your life and
anticipated savings on you utilities, maintenance and insurance… you
will be healthy and live a long life – free of financial problems.