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Senior Housing at Record High

Homeowners 62 and older saw their housing wealth grow by three percent or $234 billion in the fourth quarter to a record $8.05 trillion from Q3 2020, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Index (RMMI). Read more…

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Reverse Mortgages Not Just for People Out of Money

There seems to be an impression that taking out a reverse mortgage is an act of desperation by people who have no choice but to crack open and spend their nest egg of housing wealth. Read more…

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Economist Changes Mind on Reverse Mortgages

At first, economist Larry Kotlikoff was skeptical of reverse mortgages but because of the similarities with an annuity, he has recently changed his mind. Read more…

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Nearly One in Three Seniors Plan to Work Past 70 or Never Retire

AAG Survey Shows Older Americans Now Plan to Work Later in Life Irvine, Calif. (May 6, 2021) – Seniors are working later in life to make ends meet, and the events of 2020 have accelerated the trend. The changing landscape of retirement has caused a large percentage of older Americans to push back their retirement […]

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Closing the Price Gap

HECMWorld’s latest podcast goes into detail on closing the price gap when buying a home with a reverse mortgage. The topics discussed in the podcast can show you how you can help your clients increase their purchasing power with Home Equity Conversion Mortgage loan, which in turn will increase your commission. Listen here…

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An Excellent Hedge Against Property Value Risk

Part of the motivation to be a homeowner is the opportunity to accumulate growing equity in a home. Equity growth is heavily influenced by market changes over which the owner has little control. Read more…

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Forbes: Reverse Mortgage Can Help

One often overlooked tactic that seniors can employ, when seeking to pay down outstanding debt in retirement, is the strategic use of a reverse mortgage loan, one of several options that an older American can use when examining their finances post-working years. This is according to contributor Bob Sullivan and editor John Schmidt in a […]

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2020 Left Nearly One-Third of Seniors with Financial Troubles

AAG Releases Post-2020 Retirement Survey Irvine, Calif. (March 17, 2021) – The year 2020 was difficult for everyone, especially the elderly. Lockdowns, virtual communication, and a fluctuating economy forced seniors to change their daily life and re-evaluate their future. To understand the impact that 2020 had on seniors’ finances and home life, American Advisors Group […]

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What the Housing Market Will Be Like in 2021

We left 2020 with the housing market on fire, with record-low mortgage rates and a sudden wave of relocations made possible by remote work. Home prices have now pushed new boundaries as buyer demand continues to surge. Read more…

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Help Your Clients Avoid Exhausting Retirement Funds

According to an Aegon Center for Longevity and Retirement study, 49% of Americans related that their primary retirement fear is running out of money. When it comes to mitigating the dreaded “longevity risk,” four recommendations emerged based on expert analysis, and reverse mortgages were one of the options cited. Read more…

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