American Advisors Group has been providing government-insured reverse mortgages for more than 10 years, allowing homeowners the ability to tap into their hard-earned equity.
American Advisors Group is currently the largest reverse mortgage provider in the United States, offering reverse mortgages in every state except Massachusetts and Pennsylvania. AAG differs from other mortgage lenders because they deal only in Home Equity Conversion Mortgages (HECMs). An HECM is the only reverse mortgage insured by the U.S. federal government. AAG has a specific goal, and that is to make retirement less stressful and more enjoyable by offering reverse mortgages to seniors.
AAG Reverse Mortgage
We are proud to excel where other providers may fall behind.
- No. 1 HECM lender in the nation
- Members of the National Reverse Mortgage Lenders Association
- Approved Lender of the U.S. Department of Housing and Urban Development
- Ranked #3 Orange County Top Workplace in 2013; Top Workplace honors in 2014, 2015
- 96% Customer satisfaction rating from client surveys
- Rated A+ by the Better Business Bureau
- Max borrowing: $625,500
What qualifies American Advisors Group to help me with my reverse mortgage?
American Advisors Group’s qualifications are many. It is a fully accredited business and a member of the National Reverse Mortgage Lenders Association. As an FHA approved lender, you can rest assured knowing your loan is backed by the federal government. And with an A+ rating from the Better Business Bureau and high customer satisfaction, AAG is a sound option for seniors looking to convert their home equity into cash.
AAG’s advisors are required to complete an intensive training program and licensing process, and before earning their licenses, they must satisfy federal and state tests. But AAG team members go beyond their dedication to helping seniors tap into their home equity. They are also committed to empowering senior homeowners with the knowledge necessary to make an informed decision on whether a reverse mortgage is the right option for them. AAG believes that educating seniors about the process of a reverse mortgage makes them a part of something important.
What exactly is a reverse mortgage?
A reverse mortgage is a loan that allows homeowners over the age of 62 to convert their home equity into cash while continuing to live in their home. There are no monthly payments with a reverse mortgage; however, the loan must be repaid in full should the homeowner die or choose to no longer use the home as their primary residence. Homeowners will still be required to pay property taxes and insurance.
Do I qualify for a reverse mortgage?
- You must be age 62 or older
- You must own your home outright or have most of your existing mortgage paid off
- The property must be your primary residence
- You must be financially capable of maintaining the home, including paying property taxes and insurance
For more details on an American Advisors Group reverse mortgage, check out our comprehensive review.