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.

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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Driving the Home Improvement Market

Armed with record amountss of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. Check out the study…

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Reverse Mortgage Safety vs. New Alternatives

As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves in a more competitive environment. Read more…

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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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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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More than One-in-ten U.S. Parents are also Caring for an Adult

About three-in-ten U.S. adults (29%) have a child younger than 18 at home, and 12% of these parents provide unpaid care for an adult as well. All told, these multigenerational caregivers provide more than two and a half hours of unpaid care a day, on average, according to a new Pew Research Center analysis of […]

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

News & Updates

Driving the Home Improvement Market

Armed with record amountss of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. Check out the study…

Read More

Reverse Mortgage Safety vs. New Alternatives

As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves in a more competitive environment. Read more…

Read More

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 […]

Read More