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10 Useful, Thoughtful Gifts for Older Americans

Gifts They’ll Actually Appreciate Delivering the perfect gift is never easy but hitting the mark for older Americans can be especially challenging. If they humbly tell you they have everything or don’t need anything, take a closer look. Everyone wants to be acknowledged and made to feel special, and nothing communicates that message or feeling […]

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10 Ways You Can Improve Your Mental Health at Home

If you’re like many Americans, you may feel that 2020 pushed you to the breaking point. It was back in August 2020 that the Centers for Disease Control and Prevention reported that more than 2 in 5 U.S. residents reported struggling with mental or behavioral health issues associated with the coronavirus disease 2019 (COVID-19) pandemic.1 […]

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Borrower Stories: Hope and John Scott

You think life goes on the way it has forever. Hope and John Scott had made a lovely home and marriage in Lakewood, Calif., anchored by John’s 42 years of employment for a major supermarket chain. Hope kept the house up and worked occasional jobs for extra income. Like so many Southern Californians, upon retirement […]

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Borrower Stories: Tom and Patti Petry

Tom and Patti Petry are the all-American couple. Married 53 years, they worked hard, she at the prestigious Claremont colleges in accounting services for 35 years, he as a tool-and-die maker. The bills always got paid on time, and if there was money left over, they would set it aside for a “date night” and […]

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Borrower Stories: Garvin Smith

Whether using his Hasselblad, Minolta or Canon cameras, Garvin Smith has always known how to find just the right focus for his life. At age 77, that focus for the Orlando, Florida-based celebrity photographer and producer has a reverse mortgage from AAG. He zoomed in on a reverse mortgage for the extra cash flow it […]

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Retain Your Home and Age in Place in Uncertain Times

Homeownership offers many advantages, not the least of which is the opportunity for appreciation, an increase in your home’s equity over time. For example, a median-priced home in the Minneapolis/St. Paul area was about $164,000 in 2011. By July 2020, the median home price in the same Twin Cities metro region was $305,000, an increase […]

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Does the Bank Own the House with a Reverse Mortgage?

It’s easy to understand why so many people mistakenly believe the lender takes ownership of the home in exchange for giving the borrower a reverse mortgage. The loan’s many advantages make it seem almost too good to be true. Some of these advantages are: The lender pays off the borrower’s current mortgage, if one still […]

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How Medicare Impacts Your Retirement Medical Expenses

Trying to anticipate your medical expenses in retirement isn’t easy. Who’s to say whether you will need a hip or knee replacement next year, or 10 years from now if ever? Now, you may be thinking that Medicare, the U.S. national health program, will cover the majority of your medical costs once you turn 65, […]

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Does Bad Credit Affect Reverse Mortgages?

You have no job, mounting medical bills, and poor credit. You’re 62, and your home is even older and in need of repairs. You might think you would be the least likely candidate to qualify for a mortgage loan, but you could be wrong. By meeting these essential requirements, you may be able to finally […]

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Guide to Reverse Mortgages – What You Need to Know

A reverse mortgage loan is a financial tool capable of doing many things. Besides paying off your current mortgage, you can use it to pay bills, supplement retirement income, fix up your home, cover the cost of medical care, or simply reserve it as a powerful safety net for your retirement. Your options are virtually […]

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