Reverse Mortgage Information - From A to Z

Reverse Mortgage Loans Explained: A Family Perspective

Posted - June 17, 2014

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

When considering the option of a reverse mortgage, it is often a decision that is not made by one individual, but shared and discussed within the family. Children and caregivers often help their family members to make a sound choice for their retirement future. Furthermore, many retirees prefer to remain in their homes as part of their retirement.

Fortunately, reverse mortgages are able to give our family members the ability to retain their financial independence, by accessing the wealth

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Interesting Reverse Mortgage Facts

Posted - June 10, 2014

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

In October of 2010, the National Reverse Mortgage Lenders Association (NRMLA) surveyed 600 seniors with reverse mortgages across the nation. These seniors shared some of the views that led them to pursue a reverse mortgage. Here are some interesting reverse mortgage facts.

72% of seniors want to be able to pay all of their expenses while they are alive so their children and heirs do not have to worry about them.

43% of seniors still live in the house in which they raised their

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5 Signs a Reverse Mortgage May Be the Best Solution for Your Parents

Posted - June 10, 2014

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

As children of our nation’s senior citizens, you may find yourself feeling the responsibility of helping your parents with important decisions.  You may feel a bit apprehensive when you hear that your parents are considering a reverse mortgage, perhaps because you don’t know much about the loan product.  You also may not know the situations when a reverse mortgage could be the perfect answer.

The following are 5 signs your parents may benefit from reverse mortgage

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Featured Article: 8 Ways to Use a Reverse Mortgage as a Financial Planning Tool

Posted - June 9, 2014

Featured Article: 8 Ways to Use a Reverse Mortgage as a Financial Planning Tool

In the past, the main purpose of a Reverse Mortgage was to help seniors to fulfill cash needs by allowing them to pull the equity in their homes.  But today, many seniors are finding that even if they don’t particularly need to fulfill a cash need, they can take advantage of the benefits of a reverse mortgage as a tool to use strategically in retirement planning.  Here are 8 ways a reverse mortgage be used as a financial planning tool.

You can delay Social Security and pension

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June Vocab Term of the Month: FHA

Posted - June 9, 2014

The Federal Housing Administration (FHA) is a United States government agency that insures loans made by banks and private lenders, including AAG. It was established in 1934 as part of the National Housing Act. Goals of the agency include providing adequate home financing systems through insurance of mortgage loans, stabilizing the mortgage market, and improving housing standards and

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What is a Reverse Mortgage Loan?

Posted - May 22, 2014

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

As you enter your golden years, you may find yourself thinking about your various options to supplement retirement income.  After all, retirement symbolizes the end of standard work obligations, and one’s growing income is often replaced by a fixed income from sources like social security and pensions.  And with as much as 50% of older Americans’ net worth tied up in home equity, you may become increasingly interested in learning more about what a reverse mortgage loan is and how to use

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10 Reasons Why an FHA Reverse Mortgage Is a Safe Financial Tool

Posted - May 8, 2014

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

The reverse mortgage has come a long way from its inception in 1961. Through all these years, there have been many misconceptions about what the product is and does. The truth is, in present day, the reverse mortgage is an ethical product with the simple intention to help seniors age in their homes.

Most negativity about reverse mortgages stemmed from certain practices in the 1980s, when the product was not yet fully monitored by the U.S. Department of Housing and Urban Development (HUD).

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Changing Attitudes, Changing Motives

Posted - March 15, 2012

The reverse mortgage landscape is evolving with the changing economy and generation of homeowners. A recent study released by the Mature Market Institute used the HUD required counseling session data to determine the current reverse mortgage marketplace. The study is based on the responses to the counseling questions, using the Financial Interview Tool (FIT) as the standardized assessment tool. The data represents 21,240 households between September and November 2010.

The study determined

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