RE­TIRE­MENT IN RE­VERSE: Bet­ter read this if you are 62 or older and still mak­ing mort­gage pay­ments.

More than 1 mil­lion se­niors have taken ad­van­tage of this “re­tire­ment se­cret.”

Antelope Valley Press - - NEWS -

It’s a 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 from the mort­gage in­dus­try, se­nior home­own­ers in the U.S. are now sit­ting on more than 7.19 tril­lion dol­lars* of un­used home eq­uity. 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 new Jumbo 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.

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 know how a re­verse mort­gage works 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.

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. 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 2019 fi­nal­ist in the 500+ Em­ployee Cat­e­gory for the Bet­ter Business Bureau’s (BBB) Torch Awards for Ethics (twice). 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 98% sat­is­fac­tion rat­ing! We are also one of only a few lenders to offer these jumbo re­verse mort­gage loans.

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.

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