How Can I Use an EARN^SM?

Like many Americans, you may find that you can't quite afford to buy the home you want because the monthly payments are too high. Still others who already own their home may find themselves with most of their personal wealth locked-up in the home and without sufficient liquid assets to help save for life’s major expenses such as college and retirement.

An EARN Equity Note ^SM allows you to reduce your monthly mortgage payments and/or better manage the equity you have in your home. You can use an EARN in any of these ways:

• Buying a home: Reduce your mortgage payment
• Paying off your mortgage: Use equity to retire some or all of your mortgage payment including interest only loans that are due
• Saving for the future: Diversify your investments by converting some of your equity to other investments
• Securing your retirement: Convert home equity into lifetime income for retirement

Next: Home Purchase