News Topics
How will my loan eventually be repaid?
Your reverse mortgage loan is repaid when the last borrower leaves the home or passes away. What typically happens is that the home is sold and the proceeds pay back the reverse mortgage loan. Any remaining equity after the loan is repaid goes to you or your heirs. If your heirs choose to keep the […]
Read MoreAre reverse mortgages a last resort option only?
No, this is a misconception. When used wisely, a reverse mortgage can be a very powerful and intelligent strategic financial planning tool. There is no better product more readily available to the senior population in terms of supplementing retirement income and managing retirement risks. However, the reverse mortgage should be evaluated and customized to your […]
Read MoreAre reverse mortgages a last resort option only? Are they only for desperate and poor seniors?
No, this is a misconception. When used wisely, a reverse mortgage can be a very powerful and intelligent strategic financial planning tool. There is no better product more readily available to the senior population in terms of supplementing retirement income and managing retirement risks. However, the reverse mortgage should be evaluated and customized to your […]
Read MoreWhere can I read AAG’s Customer Reviews?
At American Advisors Group, we love our clients, and they love us back! See AAG’s Client Reviews page and get a glimpse of what it means to be a part of the American Advisors Group family.
Read MoreWhere can I read American Advisors Group’s Customer Reviews?
At American Advisors Group, we love our clients, and they love us back! See our Client Reviews page and get a glimpse of what it means to be a part of the American Advisors Group family.
Read MoreWhat is a reverse annuity mortgage?
A reverse annuity mortgage and a reverse mortgage are the same thing. They both refer to a loan where a homeowner borrows money against the equity of his or her home, and the homeowner receives the funds.
Read MoreWhat are the benefits of a reverse mortgage?
Some of the important benefits are: You can never owe more than the value of your home. As long as you reside in your home and comply with the loan terms, you do not have to make payments on the loan. You will not lose Social Security or Medicare benefits. You are afforded greater financial […]
Read MoreWhen does my loan become due?
Instances when the loan becomes due are called “maturity events.” Maturity events include cases when the last borrower: Sells or transfers the home Passes away Does not pay the home’s taxes and insurance Leaves the home permanently or for more than 12 consecutive months No longer occupies the home as the primary and principal residence […]
Read MoreWhat makes AAG the best out of all the top reverse mortgage lenders?
We at American Advisors Group pride ourselves on our thoroughness. We sit down with you and guide you through each phase in the process, explaining every step of the way. It is a very personal process, as we get to know you and make it a priority to fully understand your situation and needs. We […]
Read MoreWhy should I call AAG and talk with a Reverse Mortgage Professional?
At American Advisors Group, our Reverse Mortgage Professionals go through a comprehensive training program and licensing process. They must pass federal and state tests in order to get their Loan Officer License through the National Mortgage Licensing System. Our professionals are also trained in customer service, and how to connect with people. Because of this, […]
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