According to The Administration for Community Living, “The proportion of older persons in the population varied considerably by state, with some states experiencing much greater growth in their older populations.” From 2010 to 2020, the population of those aged 65 and older increased between 25%-73% nationally – and continues to grow today!
Collectively, average older homeowners sit on over $9 trillion in equity and has an average retirement savings is less than $60,000. But through a reverse mortgage, senior homeowners can maximize their financial stability by unlocking the accumulated equity without selling their property, allowing them to access the increased value of their homes and provide a financial cushion in a rising housing market.
The time is now to build your reverse mortgage business with Plaza Home Mortgage®. We have the programs, including FHA HECM. Plus, we offer training and dedicated reverse mortgage staff to get you rolling into this right. Email reverse@plazahomemortgage.com to get in touch or submit your details for a full reverse pre-qual!
