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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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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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1 in 3 U.S. Households Will be 65+ by 2035

The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report from Harvard University adds a new twist to measuring the coming wave of American seniors: In 2035, households with members aged 65 and older will account for a […]

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