Page 2 - AAG126_HECM for Purchase Booklet for Real Estate Professionals
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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
3
With more than 10,000 baby boomers turning 65 every day , it’s a growing
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
HECM for Purchase Benefits to customers are satisfied with our service.
Your Business
1. Sell more homes to your senior clients who are HECM for Purchase Advantages for
transitioning into retirement.
Your Buyers
2. Benefit from two potential transactions: a home
sale and a purchase. 3 Remain close to family and friends while right-sizing their
home for their unique lifestyle
3. Assist clients with obtaining financing they
originally did not think they could obtain without 3 Access more inventory options, including high-value
existing employment. homes without monthly mortgage payments (so long as
they pay the property taxes, homeowners insurance, and
4. Provide more financial solutions for your older maintain the home)
clients to help them live a better retirement.
3 Expand their home-purchasing power
The HECM for Purchase is an FHA-insured home loan
that gives your homebuyers greater financial flexibility,
control, and certainty over the communities and homes 1 https://www.nar.realtor/sites/default/files/reports/2017/2017home-buyer-and-
they want to live in for a better retirement. 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 30th, 2019.