Welcome to

Picture of  Academy for Home Equity in Financial Planning Members

What should an older American do with their home as they age? Homes are often the largest source of equity for a family, but they are generally not liquid assets. As homeowners age when does assisted living become an option? How is that paid for in a time without as many retirement pensions as a decade ago?

These questions are ones the Academy is interested in answering. Sometimes with sound financial planning, sometimes with types of loans or borrowing strategies, often by selling a home outright.

The financial service industry often prohibits agents and professionals from providing advice in the area of home equity. Once I give advice on your home, a fiduciary duty of care may apply. And not every agent is capable of prudent and loyal advice in this area. So we have a conundrum. Agents and advisors are not being trained to provide this critical advice, consumers go without help. And our academy is aimed at helping bridge this gap.

Recent Posts

A Closer Look at Home Equity in Financial Planning

Numbers Indicate How Financial Planners Discuss Reverse Mortgages

In his white paper “Home Equity in Financial Planning,” Craig Lemoine, executive director of the Academy for Home Equity in Financial Planning at The University of Illinois at Urbana-Champaign, illustrates the need for home equity release programs. “The Academy of Home Equity in Financial Planning’s mission is to develop and advance, for retirees and their financial advisers, a rational and objective understanding of the role that housing wealth can play in prudent planning for retirement income,” says the 2020 report, which included detailed surveys of financial professionals. Lemoine also is an associate clinical professor of financial planning at the university. Here is a closer look at some of his findings that, in some cases, compare how a Certified Financial Planner operates compared to a non-CFP.

Found in REVERSE MORTGAGE MAY-JUNE 2021
https://www.nrmlaonline.org/publications/reverse-mortgage-magazine/may-june-2021-issue
  1. Are Reverse Mortgages Expensive— Especially For Those Who Don’t Need Them? Comments Off on Are Reverse Mortgages Expensive— Especially For Those Who Don’t Need Them?
  2. Reverse Mortgages: 10 Things You Must Know Comments Off on Reverse Mortgages: 10 Things You Must Know
  3. Reverse Mortgage Volume, HMBS Issuance Rise in March as MMI Fund Position Improves Comments Off on Reverse Mortgage Volume, HMBS Issuance Rise in March as MMI Fund Position Improves
  4. Tap Home Equity for Extra Income Comments Off on Tap Home Equity for Extra Income
  5. This new type of reverse mortgage would help retirees generate much more income Comments Off on This new type of reverse mortgage would help retirees generate much more income
  6. Reverse Mortgages Aren’t Just for People Who Are Out of Money Comments Off on Reverse Mortgages Aren’t Just for People Who Are Out of Money
  7. Finance of America Reverse Empowers Homeowners to Reinvent Their Retirement Roadmaps with Game-Changing New Mortgage Comments Off on Finance of America Reverse Empowers Homeowners to Reinvent Their Retirement Roadmaps with Game-Changing New Mortgage
  8. Are HECM Reverse Mortgages Best Viewed As A Stand-Alone? Or As Part Of An Integrated Retirement Plan? Comments Off on Are HECM Reverse Mortgages Best Viewed As A Stand-Alone? Or As Part Of An Integrated Retirement Plan?
  9. Risks and Planning: What Did COVID-19 Teach Us? Comments Off on Risks and Planning: What Did COVID-19 Teach Us?