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Reverse Mortgage Age Requirement: When to Get a Reverse Mortgage Loan

When is the best time to get a reverse mortgage loan? If you are at least 62 (the minimum age for applying), the best time might be now. That’s because, included in a reverse mortgage’s many payout options is the reverse mortgage line of credit. By taking out the line of credit as close to […]

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Will a Reverse Mortgage Loan Affect Social Security?

Receiving funds from a reverse mortgage loan will not impact your Social Security.  Similarly, a reverse mortgage has no impact on Medicare. Both Social Security and Medicare are non-means-tested programs, meaning these public benefits are not dependent on your amount of income, savings, capital, or assets, including how much money you receive from a reverse […]

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10 Fundamental Facts About Medicare

If you are approaching the age of Medicare eligibility (generally, age 65), you probably have lots of questions about how the program works. The sooner you get answers to your questions, the sooner you can start planning and budgeting — because Medicare coverage is not free. Indeed, if you fail to sign up during your […]

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5 Low Cost Ways to Improve Your Home

Upgrading your home doesn’t require investing a small fortune or having a room out of commission for weeks. If you’re ready, willing, and able to do the work, here are some great ways to brighten up your home without blowing a hole in your budget: 1. Paint — A little dab’ll do ya. To renew […]

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A Message to Our Customers Regarding COVID-19

During these challenging times, we at AAG would like to provide an update to all our customers. First and foremost, we remain committed to helping older Americans maintain their financial well-being—now, more than ever—in the midst of uncertainty. To achieve this, AAG has taken many essential steps to remain fully operational during the COVID-19 pandemic. […]

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Retirement Habits – How Americans Spend Their Retirement

Retirement (/rəˈtī(ə)rmənt/) noun: the action or fact of leaving one’s job and ceasing to work. While the definition of the word retirement means actually leaving your job, we at American Advisors Group know that word means so much more. We have firsthand experience with retirement of all types, and understand the various ways people plan and […]

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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 […]

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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 […]

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Homes and the Stock Market Crash of the 1930’s

October 29, 1929, known as Black Tuesday, lives in infamy as the day the stock market crashed. On this day, the booming stock market finally imploded and stocks tumbled in value. Many investors lost everything, and the economy took a severe hit. The Great Depression began, which would hold the United States in its grip […]

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3 Reasons You Should Call Your American Advisors Group Reverse Mortgage Professional

As a senior interested in a reverse mortgage, you may have already started to do a little research into the inner workings of this unique loan product. You may have learned some answers to your questions by looking at the American Advisors Group FAQs page online. You may have even asked everyone you know about it. But one […]

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