IRVINE, Calif. (Jan. 14, 2021) – American Advisors Group (AAG) has been named the Best Overall Reverse Mortgage Company of 2021 by the editorial team at Investopedia. The team cites two critical features, having several mortgage options and superior customer service, as the primary reasons for choosing AAG as the best overall company.   Investopedia’s […]

Real estate professionals can provide a valuable service to seniors considering reverse mortgage loans. This option can be a lifeline for eligible seniors clients who could use additional funds to pay for pre-sale repairs on their home or to buy a new principal residence. Read more…

Despite the economic turmoil of the pandemic, home equity continued to climb in the second quarter of 2020. According to new analysis by CoreLogic, a property data analytics provider, the average homeowner has gained $9,800 in equity and negative equity fell 15% between the seconds quarters of 2019 and 2020. Read more…

In an environment where seniors’ retirement futures have already been put at risk by dwindling savings and disappearing pensions, the idea of the reverse mortgage is to allow a senior to use the equity in their home to either meet necessary expenses in old age, or to enhance their quality of life in retirement. Read […]

With the impact of the coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, making it an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for your older clients to […]

The US housing market is continuing to make strides since the month of July, as home value growth is steadily increasing. The typical home price in America grew 4.5% to $253,527 in July, according to a market report released from real-estate database company Zillow. Read more…

While recent legislation aimed to assist Americans in the midst of economic turmoil caused by the COVID-19 pandemic has been beneficial, mortgage forbearance options made available to people through the Coronavirus Aid, Relief, and Economic Security (CARES) Act have not addressed other living expenses that could leave people on fixed incomes vulnerable. This is why […]

We know there is a retirement crisis in the United States, but what we don’t know is how to solve it. There are three pillars to retirement in the United States: your home, retirement/pension plans, and social security. Independently, none of these are adequate for the average American, but managing them together can be the […]

Homeowners aged 62 and older saw their collective housing wealth increase in Q1 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $120 billion to a record of $7.54 trillion. Read more…

In its efforts to connect with a broader base of potential borrowers, the reverse mortgage industry has made a lot of sustained, concerted efforts to communicate to customers how a reverse mortgage might be able to help them, and why the product category may be worthy of consideration. This has largely been an uphill battle, […]