Page 2 - AAG119_HECM for Purchase Booklet for Builders
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Quick Facts


                             1 in 5 home buyers is age 62 or older. 1


                               Homeowners 62 and up have over $7 trillion tied up in home equity.²

                             With more than 10,000 baby boomers turning 65 every day , it’s a growing
                                                                                     3
                             market you can’t afford to ignore.

                         By incorporating HECM for Purchase loans (exclusive to homeowners 62+) into your
                       business, you can open a new, growing market segment. By helping clients both sell
                       their current home and purchase a new one, you can double your commissions. How
                       many transactions are you missing out on today?


                                                           AAG is:




                                                                                              98          %

                                            Caring         Driven         Ethical







                                                                                     98% of American Advisors Group
                                                                                                                      4
      Give Your Senior Buyers                                                customers are satisfied with our service.
      More Options
                                                               With HECM for Purchase Loans,
      With HECM for Purchase loans, you can:
                                                               Your Buyers Can:


        1.  Increase your value proposition by offering more
        financing solutions for your homebuying prospects      3 Consider more of your models for purchase
                                                               3 Purchase a home closer to family and friends
      2.  Position your company as both a builder and home
        solutions provider                                     3 Right-size to a lower-maintenance home
                                                               3  Buy a home with more age-appropriate amenities and
      3.  Increase revenues and profits from more home sales      modifications

                                                               3  Enjoy no monthly mortgage payments (borrower must
      The HECM for Purchase is an FHA-insured home loan           continue to pay property taxes, homeowners insurance,
      that gives your homebuyers greater financial flexibility,   and home maintenance costs)
      control and certainty over the communities and homes     3  Enhance their liquidity by not making an all-cash purchase
      they want to live in for a better retirement.

                                                               1  https://www.nar.realtor/sites/default/files/reports/2017/2017home-buyer-and-
                                                               seller-generational-trends-03-07-2017.pdf
                                                               ² ”Senior Housing Wealth Exceeds $7 Trillion For First Time” – National Reverse
                                                               Mortgage Lenders Association. March 2019.  https://www.nrmlaonline.
                                                               org/2019/03/19/senior-housing-wealth-exceeds-7-trillion-for-first-time
                                                               ³ ”Baby Boomers Retire”-Pew Research Center. 2010. Web.5 Dec.2015. http://
                                                               www.pewresearch.org/daily-number/baby-boomers-retire/
                                                               4  Based on American Advisors Group customer surveys as of October 30, 2019.
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