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How to Write a Memoir

A will or testament is a legal document where you can express how you want your property and assets to be distributed after your death. But what if you wish to distribute something even more valuable — your insights and observations drawn from your unique life experiences. If you have that desire burning inside you, […]

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What are the Reverse Mortgage Loan Pros and Cons?

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 […]

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3 Reasons to Choose AAG as your Reverse Mortgage Lender

For some people, the important decision of whether or not to get a reverse mortgage is rivaled only by the decision of which lender to get a reverse mortgage with.  There are many lenders in the reverse mortgage industry, so who do you trust with such an important decision in your life?  We at American […]

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Top 5 Money Saving Tips for Retired Homeowners

According to the U.S. Census Bureau1, nearly 40 million American families will move to a new home this year. However, if 87% of people age 65 and over have their way, they will keep the one they have. That is the percentage of seniors who, according to AARP 2, would prefer to stay in their home […]

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6 Consumer Protections for Reverse Mortgage Loan Borrowers

Pursuing a Home Equity Conversion Mortgage (HECM, commonly referred to as a reverse mortgage loan) is a big decision. While it allows you to convert your home’s equity into non-taxable cash that you can use to supplement your retirement income, “borrowers must continue to pay for property taxes”, you may be wondering what types of […]

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6 Simple Ways to Cut Costs & Save During Retirement

A safe and comfortable retirement is a goal for most retirees, but living on a fixed income can make it seem impossible. Since there is no safety of a steady paycheck, many are left feeling overwhelmed, looking for options to accommodate their growing needs. So how do you make sure that you spend your retirement […]

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How a Reverse Mortgage Can Help You Buy a New Home

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 […]

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Key Factors That Determine Your Reverse Mortgage Loan Payout

When the idea of the reverse mortgage loan was first conceived in the early 1960s, people quickly began to recognize that the concept was a brilliant answer to a common challenge.  Many senior homeowners wanted access to their home equity to help fund a better retirement while remaining in their home—and a reverse mortgage loan […]

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