Reverse Mortgage Information - From A to Z

Reverse Mortgage Loan Glossary: Key Terms You Must Know 

Posted - September 8, 2017

Reverse Mortgage Loan Glossary: Key Terms You Must Know- American Advisors Group

Whether you’re getting started with a reverse mortgage loan, or are just conducting your research, there may be a lot of terms that come up that can be a bit overwhelming. In this infographic, we’ve included only those industry key glossary terms that can be helpful to anyone interested in a reverse mortgage loan. This infographic should get you well on your way to understanding what a reverse mortgage loan is all about. Also, we’ve provided some additional resources to help you get started

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Reverse Mortgage Loans: A Financial Tool for Veterans

Posted - July 6, 2017

Reverse Mortgage Loans: A Financial Tool for Veterans 2

As a veteran, you may be wondering if a reverse mortgage loan could be right for you when the time comes. The HECM reverse mortgage loan was introduced over 30 years ago to provide seniors with a secure financial tool for retirement. But how does it stack up against a home lending tool like the VA Loan, which you may be more familiar with from your original, traditional mortgage? As we will explore, a reverse mortgage loan, while different from what you may be used to, is a

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Understanding The Closing Costs and Fees of a Reverse Mortgage Loan

Posted - December 1, 2016

A reverse mortgage loan can be an excellent financial resource for retirees. As with any type of financial tool, it is important to have a clear understanding of all of the costs associated, including closing costs and lending fees (finance charges) and applicable interest rates, before proceeding forward. In order to help you understand the true upfront and ongoing costs of a reverse mortgage loan, we have broken these down below.

Please note that the reverse mortgage fees associated with

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Forget the Nursing Home: Aging in Place with a Reverse Mortgage Loan

Posted - August 17, 2016

Forget the Nursing Home: Aging in Place with a Reverse Mortgage Loan

Not only can care be provided less expensively in your home but it is also a key for achieving optimal outcomes for many patients.

A reverse mortgage loan can be used to help pay for senior care for you or your spouse. This gives you the opportunity to live safely and comfortably in your home – on your own terms.

Aging in place (living in your own home) and not in a nursing home will help enhance your quality of life by empowering you to:

Continue living in your comfortable and

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Can You Sell a Home with a Reverse Mortgage?

Posted - May 16, 2016

In the early 1960’s a new type of mortgage loan was designed specifically for senior homeowners who wished to access the equity in their home while aging in place.  This new loan became popular because it fulfilled a need that many borrowers had.  Senior homeowners wanted to stay living in their homes for the rest of their lives, and reverse mortgage loans were the perfect solution to help them do just that.

However, unexpectedly at times, some borrowers found that they needed to move away

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Reverse Mortgage Rules & Requirements

Posted - March 29, 2016

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

The reverse mortgage loan has continued to evolve since its introduction in 1961 and only grows stronger and safer with each year.  This is primarily due to rules and regulations set by the Federal Housing Administration (FHA).  The FHA continually updates and regulates reverse mortgages with new guidelines to protect you as a borrower.  So what exactly are the current rules and requirements of the reverse mortgage loan product in 2017?
Reverse Mortgage Rules
The reverse mortgage loan

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Learn More About: Differences Between a Reverse Mortgage (HECM) Line of Credit and a Home Equity Line of Credit (HELOC)

Posted - February 12, 2016

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

When borrowers hear the definition of a Home Equity Conversion Mortgage Line of Credit (HECM LOC), also known as a reverse mortgage equity line of credit, they are sometimes unsure how it differs from a traditional Home Equity Line of Credit (HELOC). The structures of both loans seem similar. Both are lines of credit secured against your home. Both accrue interest on only the amount that is borrowed. Both rates are usually variable.

However, there are distinct differences that make a reverse

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Traditional Mortgages vs. Reverse Mortgages: Are They Really That Different?

Posted - February 2, 2016

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

Every year, millions of people across the nation turn to traditional (forward) mortgage loans in order to finance their home purchases.  The typical requirements of these mortgage loans are well known, and many have become comfortable fulfilling them.

Reverse mortgage loans, on the other hand, are far less common. Since their specialized features are not yet fully understood by mainstream media, misconceptions have arisen that lead consumers to believe that they are drastically different

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Understanding Reverse Mortgage Loan Qualifications and Requirements

Posted - January 12, 2016

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

A Home Equity Conversion Mortgage (HECM), also known as a government-insured reverse mortgage loan, is a great tool to help you utilize the equity from your home and convert a portion of it into cash.  Thousands of senior homeowners have taken advantage of this beneficial tool since its inception in 1961, and you may be able to as well.
Below are some qualifications and requirements as well as other obligations. Eligibility for reverse mortgages depends on : 1) General requirements (age 62+,

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