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Buy Your Next Home with a HECM for Purchase Loan

Today, if you’re a homeowner, 62 or over, who wants to tap some of your home equity while continuing to live in your home, you might consider taking out a Home Equity Conversion Mortgage (HECM) loan. No monthly mortgage payments are required and you don’t have to repay the loan until you leave the home. […]

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Closing Costs and Fees of a Reverse Mortgage Loan

A reverse mortgage loan can be an excellent financial resource for retirees. As with any type of financial tool, it is important to have a clear understanding of all of the costs associated, including closing costs and lending fees (finance charges) and applicable interest rates, before proceeding forward. In order to help you understand the […]

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AAG Introduces Latest Commercial Featuring Tom Selleck

Orange, Calif. (September 8, 2016)–American Advisors Group (AAG), the leading reverse mortgage lender in the nation, this week launched its latest television commercial starring Emmy and Golden Globe award-winning actor Tom Selleck. The spot is the second of three new ads featuring Selleck as the company’s national spokesperson. The new spot, entitled “Home Equity Chair,” introduces an […]

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What are the Reverse Mortgage Loan Pros and Cons?

While the recent recession has not spared any age group, it has been particularly difficult for older Americans who may have been counting on their fixed income to last through their retirement years. To supplement cash flow during retirement, a growing number of senior homeowners are turning to an increasingly popular financial tool called a […]

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3 Reasons to Choose AAG as your Reverse Mortgage Lender

For some people, the important decision of whether or not to get a reverse mortgage is rivaled only by the decision of which lender to get a reverse mortgage with.  There are many lenders in the reverse mortgage industry, so who do you trust with such an important decision in your life?  We at American […]

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Which Mortgage Loan is Right for You?

Saving money for retirement is a decades-long commitment. It’s not uncommon for seniors to reach retirement age only to find that their retirement income isn’t large enough to support the lifestyle they want. As you enter your golden years and begin to consider various options to increase your supplemental income, home equity has the potential […]

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Top 5 Money Saving Tips for Retired Homeowners

According to the U.S. Census Bureau1, nearly 40 million American families will move to a new home this year. However, if 87% of people age 65 and over have their way, they will keep the one they have. That is the percentage of seniors who, according to AARP 2, would prefer to stay in their home […]

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6 Consumer Protections for Reverse Mortgage Loan Borrowers

Pursuing a Home Equity Conversion Mortgage (HECM, commonly referred to as a reverse mortgage loan) is a big decision. While it allows you to convert your home’s equity into non-taxable cash that you can use to supplement your retirement income, “borrowers must continue to pay for property taxes”, you may be wondering what types of […]

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6 Simple Ways to Cut Costs & Save During Retirement

A safe and comfortable retirement is a goal for most retirees, but living on a fixed income can make it seem impossible. Since there is no safety of a steady paycheck, many are left feeling overwhelmed, looking for options to accommodate their growing needs. So how do you make sure that you spend your retirement […]

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Steve Vernon of CBS MoneyWatch touts reverse mortgage loans

The article dispels many of the misconceptions about reverse mortgage loans including fees, legacies and policy while also explaining how the product offers an opportunity to tap home equity without selling the home – an option often overlooked based on the research. Read the full article here: https://cbsnews.com/news/reverse-mortgages-rodney-dangerfield-of-retirement-planning/

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