As of 2019, annual reverse mortgage production is around 34,000 loans, which is a small fraction of the roughly 45 million seniors who currently reside in the country. These numbers are leading top-producer American Advisors Group (AAG) to look at expanding the market for reverse mortgages in some new and interesting ways.
“An emerging trend during this current market downturn is the popularity of the reverse mortgage line of credit option, which has fueled our need for growth,” says Melanie Parks, VP of National Field Sales for the West Coast at Irvine, Calif.-based AAG. “There’s a new wave of seniors that are proactively using their home equity in conjunction with their traditional retirement accounts to ease stress caused by market volatility.”
In order to optimize
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