Homeowners 62 and older saw their housing wealth grow by 3.98 percent or $405 billion in the fourth quarter to a record $10.6 trillion from Q3 2021, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index. Read more…

As a reverse mortgage borrower, you know, that although you don’t have to make monthly mortgage payments, you are still responsible for the maintenance of your home and the payment of property taxes and homeowners insurance on it. If you fail to meet these loan obligations, your lender or loan servicer can legally call your […]

Offering a Symphony of Services for Seniors Who Want to Age in Place Jim Bland is a special kind of conductor. Instead of directing the simultaneous performance of several players to bring a musical score to life, he is a multi-talented maestro who’s company provides innovative in-home fall prevention technologies and works with expert building […]

Irvine, Calif. (Sept. 9, 2021)– American Advisors Group (AAG), the nation’s leader in home equity solutions, today announced its partnership with VGM Live At Home, a nationwide, collaborative membership community with services and solutions for independently owned and operated, certified accessible home modification providers and contractors. The partnership allows VGM’s members to connect customers with […]

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…

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…

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 […]

The Department of Housing and Urban Development has announced the maximum claim amount of federally backed reverse mortgages will be increased to $970,800 for 2022. Read more…

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 […]

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 […]