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Borrowers’ Children Weigh in on Reverse Mortgage Successes

While reverse mortgage loan originators frequently receive feedback from their clients and the family members of borrowers, it’s not often that borrowers’ family members weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage borrowers shared their input with attendees—a […]

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Seniors More Comfortable Planning Funeral than Care

Although the demand for long-term care for America’s seniors continues to skyrocket, the number of seniors actually planning for it is not keeping pace. And while many older adults are beginning to make end-of-life plans, they are neglecting the years of life that are part of such arrangements. According to a new surveyi by Home Instead, […]

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Advice for adult children of aging parents who need help at home

Helping a parent stay active and healthy at home can be achieved with careful planning. The rewards of personally caring for, or managing the care of, a loved one who needs help are innumerable. It’s an opportunity to give back and to offer a return on the loving investment they once made in us. The […]

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Top 10 Reasons Seniors Choose Jumbo Reverse Mortgage Loans

Trends show that wealthy seniors are now taking advantage of their home equity as means for further investments. American Advisors Group (AAG), a leading provider of home equity solutions for retirement, today revealed the top 10 reasons seniors are choosing their Advantage™ jumbo reverse mortgage loan. The Advantage loan gives affluent seniors access to their home […]

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The most and least expensive places to live in America

America’s big coastal cities are really expensive. The Bureau of Economic Analysis recently released data on personal income and the cost of living in 2016 for metropolitan and nonmetropolitan parts of states, including the relative cost of living in different parts of the country. Regional price parity is an index that sets the national average cost of […]

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NRMLA Releases “Toolkit for Real Estate Agents”

The National Reverse Mortgage Lenders Association (NRMLA) released two free toolkits today for real estate agents and homebuilders who work with older homebuyers. The guides explain a mortgage financing option specifically for buyers aged 62 and older called “HECM for Purchase.” The Home Equity Conversion Mortgage for Purchase is a federally insured reverse mortgage that […]

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NRMLA Releases “Homebuilder Toolkit”

The National Reverse Mortgage Lenders Association (NRMLA) released two free toolkits today for real estate agents and homebuilders who work with older homebuyers. The guides explain a mortgage financing option specifically for buyers aged 62 and older called “HECM for Purchase.” The Home Equity Conversion Mortgage for Purchase is a federally insured reverse mortgage that […]

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Who uses a reverse mortgage to purchase a house?

It’s safe to say that many people know that a reverse mortgage is a loan that can be used by a older homeowner who wants to extract the equity in their house. But what many people don’t know is that there is a type of reverse mortgage that can be used to purchasea house. And while […]

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Housing Wealth for 62+ Reaches $6.9 Trillion in Q2

Housing wealth for homeowners 62 and older grew to $6.9 trillion in Q2 2018, an increase of $130 billion in senior home equity over Q1 2018, reports the National Reverse Mortgage Lenders Association today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index. The RMMI rose to 249.37 in Q2, another all-time high […]

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Why Seniors Choose the HECM for Purchase

Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move to the city or relocate to the country, but most […]

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