The Oneida Daily Dispatch (Oneida, NY)

Has your home increased in value over the years? A new option may help you enjoy a better retirement.

Keep reading if you own a home in the U.S and were born before 1957.

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It’s a well-known fact that for many senior citizens in the U.S. their home is their single biggest asset, often accounting for more than 50% of their total net worth. For many, this investment has substantia­lly improved due to years of appreciati­on.

Yet, according to new statistics fromthe mortgage industry, senior homeowners in the U.S. are now sitting on more than 6.9

trillion dollars of unused home equity. 1 With people now living longer than ever before and home prices back up again, ignoring this “hidden wealth” may prove to be short sighted.

American Advisors Group (AAG) has recently introduced a newJumbo Reverse Mortgage loan that allows homeowners with high-value homes to borrow as much as $4 million of their home equity. Unlike a standard reverse mortgage, AAG’s Jumbo Reverse Mortgage loan has much higher loan limits, which gives those homeowners who qualify access to even more cash—for many, that means a better retirement.

However, today, there are still millions of eligible homeowners who may simply not be aware of this “retirement secret.” Some homeowners think these loans sound “too good to be true.” while others don’t knowhowa reverse mortgagewo­rks or understand the process of extracting equity from their home. You get the cash you need out of your home but you have no more monthly mortgage payments.

It’s a fact: “no monthly mortgage payments” are required with a reverse jumbo mortgage; however, homeowners are still responsibl­e for paying for the maintenanc­e of their home, property taxes, homeowner’s insurance and, if required, their HOA fees.

Today, jumbo reverse mortgage loans have proven to be an effective way for homeowners 62 and older to get the extra cash they need to enjoy retirement.

While some wait until they need cash, a jumbo reverse mortgage loan with AAG is best applied as a vital planning tool that can help you live out your golden years in comfort and security. By planning ahead, you can also know that a safety net is there waiting for you if you need it.

AAG is honored to be the No. 1 Reverse Mortgage lender in the nation. We have been named a 2017 finalist in the 500+ Employee Category for the Better Business Bureau’s (BBB) Torch Awards for Ethics. We take pride in our ability to make the reverse mortgage experience informativ­e and efficient for our customers. In fact, recent customers have given us a 97% satisfacti­on rating! We are also one of only a few lenders to offer these jumbo reverse mortgage loans.

The cash from a jumbo reverse loan can be used for almost any purpose. Many people use the money to save on interest charges by paying off credit cards or other high-interest loans. Other common uses include making home improvemen­ts, paying off medical bills or helping other family members. Some people simply need the extra cash for everyday expenses while others are now using it as a “safety net” for financial emergencie­s

If you’re a homeowner age 62 or older, you owe it to yourself to learn more so that you can make an informed decision.

Homeowners who are interested in learning more can request a free 2019 Jumbo Reverse Mortgage Informatio­n Kit and free Educationa­l DVD by calling American Advisors Group tollfree at 1-855-219-6886.

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