Help educate your patients about the home equity solutions available to them

According to HUD, aging in place has been shown to have health and emotional benefits over institutional care. AAG’s home equity solutions can be the difference between receiving long-term care in an institution and being able receive the benefits of aging in place with in-home care. Home equity solutions can help older adults cover the cost of long-term care in the comfort of their home. Learn more the different options available to your patients.



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Apply a Healthy Solution to the Senior Care Challenge

Paying for health care at any age can be challenging, but for seniors the burden can be especially difficult. If you, as a caregiver, are worried about how they will maintain the quality care they require, a Home Equity Conversion Mortgage (HECM) may offer you and those in your care a unique solution.

A HECM, also known as a reverse mortgage, allows adult homeowners, age 62 and older, to tap their home equity in the form of a loan that does not have to be repaid until the borrower leaves the home. Homeowners, however, must continue to maintain their home, pay property taxes and homeowner’s insurance, and otherwise comply with the loan terms.

The result is, homeowners can continue living in their own home while knowing they have the financial resources lined up to help pay for their ongoing health care needs.

Homeowners can access their home equity several ways – lump sum, monthly payments, payments for life or as a line of credit that can grow over time. For added flexibility, they can also combine payment options.

Senior Care Professionals


The Facts:

  • Many incorrectly believe that medical insurance will cover in-home, long-term care¹
  • 70% of those 65+ will need some type of long-term care service at some point²
  • About 90% of seniors say they want to remain in their homes for as long as possible³
  • 25% fewer doctor visits occur when home care is in place⁴

HECM Loan Basics:

  • Borrowers must be 62 or better
  • Borrowers home must be their primary residence
  • Borrowers pay no monthly mortgage payments so long as they continue to pay property taxes, homeowner’s insurance, and home maintenance costs
¹https://longtermcare.acl.gov/costs-how-to-pay/what-is-covered-by-health-disability-insurance/
²https://longtermcare.acl.gov/the-basics/how-much-care-will-you-need.html
³https://www.homeinstead.com/documents/better%20care%20for%20seniors.pdf
⁴http://www.hcaoa.org/assets/1/27/Value_of_Home_Care___SECURED.pdf

Home equity solutions can help older adults cover the cost of long-term care in the comfort of their home. Learn more about the different options available to your patients.

Senior Care Bifold

Learn more about how we are working together to help seniors retire better by leveraging Home Equity Conversion Mortgage (HECM) loans as a solution to funding home care services.

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Senior Care Trifold

Learn more about how Home Equity Conversion Mortgage (HECM) loans can be used to supplement the cost of in-home care.

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HECM Loan Basics for Senior Care

Learn more about how Home Equity Conversion Mortgage (HECM) loans can be used to supplement in-home and long-term care costs. Explore the different options available to your care recipients. Share this brochure with those who may be able to use this powerful financial tool to stay in the comfort of their own home.

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A Retirement Planning Solution

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 […]

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Housing as a Solution for the Retirement Crisis

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 […]

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Home Modifications for Aging in Place and How to Finance Them

Most Americans over age 50 prefer to remain in their current home and community as they get older, according to AARP – but to do that, many will need to increase the accessibility of their home by making home modifications. Read more…

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Senior Housing Wealth Hits Record High of $7.54 Trillion

Homeowners aged 62 and older saw their collective housing wealth increase in Q1 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $120 billion to a record of $7.54 trillion. Read more…

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Education is Key Priority in Reverse Mortgage Media Coverage

In its efforts to connect with a broader base of potential borrowers, the reverse mortgage industry has made a lot of sustained, concerted efforts to communicate to customers how a reverse mortgage might be able to help them, and why the product category may be worthy of consideration. This has largely been an uphill battle, […]

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$100,000 is Nowhere Near Enough for Retirement

Saving a six- or even seven-figure sum for retirement isn’t an easy feat, even if you have decades to accomplish it. In March 2020, approximately 26% of adults 60 and older had less than $100,000 saved for retirement, according to an American Advisors Group survey, but that masks the true scope of the problem. Read […]

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Using a HECM to Fund Home Care

As a senior care professional, you know Medicare provides only limited in-home medical coverage for your patients. It may provide in-home skilled nursing or physical therapy, but it generally won’t cover custodial care. Even if your patients have a supplemental Medicare plan, it will likely not be enough. Using a HECM to fund their home […]

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Call us today: (844) 395-4374

For industry professionals only – not intended for distribution to the general public.

American Advisors Group, NMLS #9392, headquartered at 3800 W. Chapman Ave., 3rd & 7th Floors, Orange, CA 92868.

News & Updates

A Retirement Planning Solution

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 […]

Read More

Housing as a Solution for the Retirement Crisis

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 […]

Read More

Home Modifications for Aging in Place and How to Finance Them

Most Americans over age 50 prefer to remain in their current home and community as they get older, according to AARP – but to do that, many will need to increase the accessibility of their home by making home modifications. Read more…

Read More