Is A Reverse Mortgage Right For You?
Dee Lee, Certified Financial Planner, explains how reverse mortgages are becoming a better financial product causing them to become more popular. There are pros and cons to a reverse mortgage and they are not for everyone, but those people the product is suitable for are staying in their homes and are financially more independent. A […]Read More
8 Ways to Use a Reverse Mortgage as a Financial Planning Tool
In the past, the main purpose of a Reverse Mortgage was to help seniors to fulfill cash needs by allowing them to pull the equity in their homes. But today, many seniors are finding that even if they don’t particularly need to fulfill a cash need, they can take advantage of the benefits of a […]Read More
How to Invest With Little Money
Founding father Benjamin Franklin’s image is on the $100 bill, the largest denomination of U.S. currency, because he knew a thing or two about money. He knew that even if you have little to invest, you can still build wealth by taking baby steps. Franklin notably said, “Human felicity is produced not so much by […]Read More
3 Reasons to Choose AAG as your Reverse Mortgage Lender
For some people, the important decision of whether or not to get a reverse mortgage is rivaled only by the decision of which lender to get a reverse mortgage with. There are many lenders in the reverse mortgage industry, so who do you trust with such an important decision in your life? We at American […]Read More
Which Mortgage Loan is Right for You?
Saving money for retirement is a decades-long commitment. It’s not uncommon for seniors to reach retirement age only to find that their retirement income isn’t large enough to support the lifestyle they want. As you enter your golden years and begin to consider various options to increase your supplemental income, home equity has the potential […]Read More
7 Ways to Use Reverse Mortgage as a Financial Planning Tool
In the past, the main purpose of a Reverse Mortgage was to help seniors to fulfill cash needs by allowing them to pull the equity in their homes. But today, many seniors are finding that even if they don’t particularly need to fulfill a cash need, they can take advantage of a reverse mortgage as a tool to […]Read More
Reverse Mortgage Loans: Too Good To Be True or a Scam?
For over half a century, reverse mortgage loans have enabled more than one million senior homeowners to convert a portion of their home equity into cash in order to supplement their retirement incomes. Reverse mortgages offer numerous advantages to borrowers, allowing them to retain ownership and live in their homes as long as they comply with loan terms. […]Read More
HECM Update and Information: Financial Assessment
View the HUD’s updates here in full-text: Mortgagee Letter 2015 – 06 Mortgagee Letter 2014 – 22 For the last few months, the reverse mortgage industry has been preparing for a change called Financial Assessment, which was originally slated to be implemented on March 2, 2015. However, the Federal Housing Administration’s Department of Housing and […]Read More
5 Signs Your Parents May Benefit from Reverse Mortgage Solutions
As children of our nation’s senior citizens, you may find yourself feeling the responsibility of helping your parents with important decisions. You may feel a bit apprehensive when you hear that your parents are considering a reverse mortgage, perhaps because you don’t know much about the loan product. You also may not know the situations […]Read More