Advice & Tips Archives - Page 2 of 5

What Is A Reverse Mortgage Loan? Infographic

Posted - November 16, 2015

Robert Kane and Dennis Loxton Join AAG National Field Sales Team - American Advisors Group

For senior homeowners across the U.S., retirement is a time to finally celebrate freedom from work obligations. However retirement could also mean living on a fixed income causing some financial stress. Fortunately, a powerful tool exists that may allow retirees to enjoy financial freedom. This tool is called a reverse mortgage.

Learn all about what a reverse mortgage is and more with this

Read More...

Forbes.com: “Reverse Mortgages Can Be a Retiree’s Saving Grace”

Posted - November 16, 2015

It is no surprise that Social Security is the largest retirement income asset of the average American senior. As baby boomers enter retirement age, it is expected to supply more than 50% of income for about two-thirds of Americans in retirement. With such dependency on this single source of income, many Americans may be ill-equipped to handle future changes to these benefits.

While one remaining typical source of wealth includes the usual personal retirement savings, another possible

Read More...

Reverse Mortgage Pitfalls: The Truth About 3 Common Misconceptions

Posted - October 20, 2015

Robert Kane and Dennis Loxton Join AAG National Field Sales Team - American Advisors Group

For the last half century, reverse mortgages have offered senior homeowners across the nation the benefit of financial security in retirement.  As a type of home loan designed for those age 62 years and older, this powerful tool can help individuals access a portion of their home equity and convert it into cash to supplement a fixed income.

Reverse mortgages are attractive because of the unique features they offer, such as the elimination of monthly mortgage payments, relief from one of the

Read More...

What are the Reverse Mortgage Loan Pros and Cons?

Posted - October 19, 2015

Robert Kane and Dennis Loxton Join AAG National Field Sales Team - American Advisors Group

While the recent recession has not spared any age group, it has been particularly difficult for older Americans who may have been counting on their fixed income to last through their retirement years. To supplement cash flow during retirement, a growing number of senior homeowners are turning to an increasingly popular financial tool called a reverse mortgage.  Over one million borrowers have used this home equity loan created specifically for seniors’ unique needs.  And while reverse

Read More...

Types of Reverse Mortgages

Posted - September 29, 2015

Robert Kane and Dennis Loxton Join AAG National Field Sales Team - American Advisors Group

It is a common misconception that reverse mortgages are best used only as a last resort. Though some other financial products are designed for a single purpose, the truth is that reverse mortgages are not a “one size fits all” loan. Over the years these loans have evolved to provide a variety of options to accommodate a number of borrowers’, age 62 and older, specific wants and needs.  Whether you are a senior homeowner interested in a loan that is government-insured, or one who prefers a loan

Read More...

How a Reverse Mortgage Can Help You Buy a New Home

Posted - July 23, 2015

Robert Kane and Dennis Loxton Join AAG National Field Sales Team - American Advisors Group

When you were younger, your home was the perfect place.  Your spacious backyard, shaded by trees, provided the place for your children to run, laugh, and play.  Your kitchen, along with your fully stocked fridge, continuously provided plentiful meals to feed your growing family.  Your living room and den, outfitted with the television of the house, served as the family gathering spot to lure each member away from their individual rooms in order to cultivate family bonding time.

During

Read More...

The Most Common Way to Repay a Reverse Mortgage

Posted - July 17, 2015

AAG Launches Wholesale Division

When you first begin to learn about a reverse mortgage and its associated advantages, your initial impression may be that the loan product is “too good to be true.”  After all, a key advantage to this loan, designed for homeowners age 62 and older, is that it does not require the borrower to make monthly mortgage payments. Borrowers are responsible for paying property taxes, homeowner’s insurance, and for home maintenance. Though at first this advantage may make it seem as if there is no

Read More...

Is a Reverse Mortgage Loan Right for You?

Posted - July 15, 2015

As a homeowner, you may have heard of reverse mortgages from friends, family members, or on TV. Reverse mortgage loans, including the government-insured version called Home Equity Conversion Mortgages (HECMs), are home loans that enable seniors to access a portion of their home equity without having to pay a monthly mortgage payment. Borrowers are responsible for paying property taxes, homeowner’s insurance, and for home maintenance. This unique feature, as well as several others, are why these

Read More...

6 Work Life Balance Tips for Seniors

Posted - July 15, 2015

For many seniors, retirement does not necessarily mean an end to working.  In fact, 62% of seniors prefer to continue working in order to stay mentally active.  You may be one of them, choosing to stay at your current job, or adjusting your work with a late-career change.  Whatever you choose to do, it is crucial that you maintain the right work-life balance.  So what is the best way to get the right balance as a baby boomer?

One of the most important things to ensure is that your job is

Read More...
1 2 3 4 5