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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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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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FHA Increases HECM Lending Limit to $726,525

Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in Mortgagee Letter 2018-12. This new loan limit is also applicable to Freddie Mac’s special exception areas: Alaska, Hawaii, Guam, and the Virgin Islands. View original post on NRMLAOnline.org

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AAG and FAR Partner to Expand Jumbo Product Reach

Two of the biggest names in the reverse mortgage industry are teaming up in an attempt to expand the reach of proprietary products. American Advisors Group will begin offering Finance of America Reverse’s private HomeSafe loan on a correspondent basis, RMD has learned. Under the agreement, the Orange, Calif.-based AAG will offer the HomeSafe — a proprietary […]

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