AAG Debuts Series of Educational Videos For FLM

April 1, 2020

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:

1. “Piggy Bank” – What is a Reverse Mortgage?

2. “What’s Next?” –Understanding the Reverse Mortgage Loan Process

3. “Line of Credit” – How Does a Reverse Mortgage Line of Credit Work?

4. “Myths” – Common Reverse Mortgage Myths Debunked

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.

About AAG

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.

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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

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©2023 American Advisors Group/AAG 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 | AZ Mortgage Banker License #0921300 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee #23647 | Kansas Licensed Mortgage Company | Massachusetts Lender/Broker License MC2285: Finance of America Reverse LLC | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker — NYS Banking Department where Finance of America Reverse is known as FAReverse LLC in lieu of true name Finance of America Reverse LLC | Rhode Island Licensed Lender | Not all products and options are available in all states | Terms subject to change without notice | For licensing information go to: www.nmlsconsumeraccess.org

*Finance of America Reverse LLC does not do business as American Advisors Group/AAG in the following jurisdictions: Alaska, Hawaii, Maryland, Nevada, and New York.

FAReverse LLC i/l/t/n Finance of America Reverse LLC is Licensed Mortgage Banker in the State of New York, but this site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

For Reverse Loans: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.

STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. V2023.05.18

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