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Home-Price Growth Expected in Year Ahead

Home prices have been appreciating rapidly since the housing market’s recovery, but they’ve stepped off the fast track in recent months, displaying a notable slowdown in appreciation. Learn more…

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Another Sign the Housing Market now Favors Homebuyers

As the housing market continues to slow, it’s becoming more evident that the nation’s homebuyers are benefiting from the cool down. In fact, according to a recent report from Redfin, the share of winning offers written by Redfin agents that included a sale contingency climbed to 7.1% in February. February not only marks a five-month […]

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Financial Wellness High on Boomer Bucket Lists

Ninety-five percent of surveyed Americans revealed that they have some kind of list of financial goals and other experiences they wish to have before passing on, otherwise known as a “bucket list.” 66 percent of respondents have something on that list that they plan to accomplish within the next year of their lives, and 21 […]

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Going Broke Remains a Top Concern in Retirement

Running out of money in retirement remains a primary concern for those planning their transition out of work, with other major concerns being maintaining their lifestyle and the rising costs of healthcare expenses. This is according to the American Institute of CPAs (AICPA) and its Personal Financial Planning Trends Survey. Check it out…

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Win Clients and Close Deals: Baby Boomers and the Silent Generation

Baby Boomers (age 53-71) are often in transition. Younger Boomers frequently move due to job relocation, while older Boomers are often preparing for retirement. Many Boomers have older children who are either leaving the nest or “boomeranging” back after college. And they are often at the point where their elderly parents need more attention and […]

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Why Open a Reverse Mortgage Before it is Actually Needed?

Would the line of credit ultimately be larger if opened earlier rather than later? We can further explore this question with a more realistic example. Exhibit 1.1 below provides an illustration of the impact of opening a reverse mortgage at different points in time using a few basic assumptions. Keep reading…

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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 “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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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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