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.