Animated Videos Teach Consumers the Advantages of Using Home Equity
ORANGE, Calif. (April 1, 2020) – In honor of National Financial Literacy Month, American Advisors Group (AAG), the leading provider of home equity solutions for retirement, will be releasing a series of animated educational videos that teach Americans how to use their home equity as a financial tool to complement their retirement accounts. AAG will be releasing information filled videos throughout April along with additional educational resources and articles regarding financial literacy and how home equity can be used as a retirement resource. The first video, titled “Piggy Bank,” can be seen here.
“This is the first time AAG has used this type of approach to share our knowledge of retirement solutions,” said AAG Chief Marketing Officer, Martin Lenoir. “Especially in uncertain times like these, when the stock market is down and volatile, education around the use of home equity could be vital for seniors around the country. These videos will give simple explanations of reverse mortgage loans, help dispel some of the myths, and illustrate the different strategies that can help seniors have a better retirement.”
Each video will discuss a variety of reverse mortgage-based topics with the goal of making the process of accessing home equity as understandable and approachable as possible—topics include vital first-step information, different stages of the loan process, and setting the record straight about some common reverse mortgage misconceptions. Below are the titles of the five videos in the order of their scheduled release:
5. “Swiss Army Knife” – Reverse Mortgage Retirement Strategies
AAG’s explainer videos will be released on AAG.com along with the company’s YouTube channel and all company social media platforms, including AAG’s Facebook, LinkedIn and Twitter. Videos will also be available to AAG’s loan officers to help borrowers better understand the company’s products and how they can benefit one’s retirement.
In 2004, the US Senate passed Resolution 316, which officially recognized April as National Financial Literacy Month. The goal of National Financial Literacy Month is to highlight the importance of establishing and maintaining healthy financial habits.
AAG’s products and services are focused on helping older Americans strategically and responsibly utilize their home equity to supplement their retirement income. AAG offers a variety of retirement solutions including federally-insured and proprietary reverse mortgage loans, traditional home refinances, VA loans, and residential services for home buying and selling.
AAG, now a division of Finance of America Reverse (FAR), continues its dedication to helping older Americans find new ways to fund a better retirement through the responsible use of home equity. AAG offers a suite of home equity solutions — including Home Equity Conversion Mortgages and proprietary reverse mortgages, that are designed to give seniors a better financial outcome in retirement. Following the asset acquisition of AAG by FAR in April 2023, FAR and AAG together make up one of the largest reverse mortgage companies in the US. The company is licensed nationally (NMLS #2285) and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). For more information about AAG, please visit www.aag.com.
AAG/American Advisors Group are divisions of Finance of America Reverse LLC which is licensed nationwide | Equal Housing Opportunity | NMLS ID # 2285 (www.nmlsconsumeraccess.org) | 8023 East 63rd Place, Suite 700 | Tulsa, OK 74133