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Buy Your Next Home with a HECM for Purchase Loan

Today, if you’re a homeowner, 62 or over, who wants to tap some of your home equity while continuing to live in your home, you might consider taking out a Home Equity Conversion Mortgage (HECM) loan. No monthly mortgage payments are required and you don’t have to repay the loan until you leave the home. […]

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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 […]

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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 […]

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Top 5 Money Saving Tips for Retired Homeowners

According to the U.S. Census Bureau1, nearly 40 million American families will move to a new home this year. However, if 87% of people age 65 and over have their way, they will keep the one they have. That is the percentage of seniors who, according to AARP 2, would prefer to stay in their home […]

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6 Consumer Protections for Reverse Mortgage Loan Borrowers

Pursuing a Home Equity Conversion Mortgage (HECM, commonly referred to as a reverse mortgage loan) is a big decision. While it allows you to convert your home’s equity into non-taxable cash that you can use to supplement your retirement income, “borrowers must continue to pay for property taxes”, you may be wondering what types of […]

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6 Simple Ways to Cut Costs & Save During Retirement

A safe and comfortable retirement is a goal for most retirees, but living on a fixed income can make it seem impossible. Since there is no safety of a steady paycheck, many are left feeling overwhelmed, looking for options to accommodate their growing needs. So how do you make sure that you spend your retirement […]

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Steve Vernon of CBS MoneyWatch touts reverse mortgage loans

The article dispels many of the misconceptions about reverse mortgage loans including fees, legacies and policy while also explaining how the product offers an opportunity to tap home equity without selling the home – an option often overlooked based on the research. Read the full article here: https://cbsnews.com/news/reverse-mortgages-rodney-dangerfield-of-retirement-planning/

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Retirement Savings Strategies

With such a wide variety of options, saving for retirement can be a bit intimidating. Many young and even middle-aged people do not know where to begin in planning their saving strategies. Which plan is right for you and your lifestyle? There is no set in stone answer to the question of which plan is […]

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Time: “How to Care for 2 parents at Once without Going Broke”

While it might be common to hear stories about an adult child helping to provide care for their aging parent, what is the impact for those who care for both parents at the same time? Such is the subject of a recent Time Magazine, Money column. The toll of caring for both parents can take more than […]

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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 […]

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