Baby Boomers & Reverse Mortgage Solutions
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Baby Boomers( born between 1946 and 1964) hold the highest percentage of real estate wealth today. Let’ s review this generational group’ s latest trends and ways to tap into their home equity:
• 12,000 Baby Boomers( born:‘ 46’ 64) per day surpass the age of 65.
• In 2024, 25 % of Americans were 60 years of age or older.
• The average home seller in 2024 was 63 and the average buyer was 56.
• By 2030, 100 million Americans will be 65 years old.
• 10,000 Boomers retire daily. 8 % to 10 % of them own small businesses that could be purchased by you at discounts for quick cash.
• There’ s upwards of $ 11 trillion in tappable home equity available for reverse mortgage prospects using these loan guidelines.
• Only one of the borrowers on the application needs to be 62.
• An individual or a trust may be allowed to be the borrower.
• Home is still owned by the borrower, not the lender, and can later be sold.
• There are no monthly mortgage payments required.
• The homeowner must pay their property taxes, insurance, HOA payments( if applicable), and maintain the property.
• Borrowers can receive a large lump sum at closing and future payments are paid directly to them each month.
• This is considered a loan and not additional income, as per the IRS. It does not reduce Social Security or Medicare benefits.
• Lower FICO scores and income considered for easier qualification.
IncomeProducing Assets & Insurance Safety Nets
It’ s not uncommon for wealthier families to have large amounts of medical and life insurance protection plans in place as their figurative“ safety nets” in the event of an unexpected medical emergency or death of a key patriarch or matriarch in their family.
These insurance plans help protect family wealth so that it can later be passed on to loved ones instead of exhausted it on medical bills with no
insurance protection to cover these staggering bills that can reach hundreds of thousands of dollars or more.
Let’ s now compare the Top 0.1 %( 1 / 10th of 1 %) to the Bottom 50 % of Americans by their income and asset holdings as of Q1 2025:
The richest 0.1 %( 134,000 households) own $ 11 trillion in equities or stocks, which is their largest asset class. This is worth more than the total combined wealth assets of the bottom 50 %( 66.6 million households), as per Visual Capitalist.
The Top 0.1 % control the bulk of stocks or equities at $ 11 trillion as compared with the Bottom 50 % households’ $ 0.5 trillion or $ 500 billion in stock ownership.
Key points: The bottom 50 % households’ largest category of wealth is held in real estate and amounts to $ 4.9 trillion combined as compared with the Top 0.1 % households’ $ 2 trillion combined amount held in real estate.
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The Top 0.1 % control the bulk of stocks or equities at $ 11 trillion as compared with the Bottom 50 % households’ $ 0.5 trillion or $ 500 billion in stock ownership.
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