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Top 10 Reasons Seniors Choose Jumbo Reverse Mortgage Loans

AAG Releases Statistics Behind Proprietary Product Trends show that wealthy seniors are now taking advantage of their home equity as means for further investments. American Advisors Group (AAG), a leading provider of home equity solutions for retirement, today revealed the top 10 reasons seniors are choosing their Advantage™ jumbo reverse mortgage loan. The Advantage loan […]

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FHA Increases HECM Lending Limit to $726,525

Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in Mortgagee Letter 2018-12. This new loan limit is also applicable to Freddie Mac’s special exception areas: Alaska, Hawaii, Guam, and the Virgin Islands. View original post on NRMLAOnline.org

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Advisors must court their clients’ children to secure assets

Much has been made of the massive generational wealth transfer, from aging baby boomers to their millennial and Gen Z children, that’s coming over the next several decades. But in some quarters this $30 trillion exchange is being met with a lot of hand wringing. As big as the transfer is, there’s an equally well-known statistic that […]

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How Long Does $1 Million Last During Retirement?

Check out this infographic from GoBankingRates to see how long $1 million will last during retirement for each state. If clients have their heart set on retiring in Hawaii, let them know their funds won’t make it 12 years in the Aloha state. 

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Retirement Investments Leave 30% with Limited Savings

Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from […]

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Advantages of a Reverse Mortgage

With a reverse mortgage, seniors have a valuable tool available to them that can be utilized as part of their strategy in financial planning for retirement. There are many features of reverse mortgage loans that can benefit seniors who are looking to supplement their retirement income. So what exactly are they? Below are four reverse mortgage loan […]

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