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What is a Shared Equity Agreement and How Does It Work

You’re a big proponent of reverse mortgages. You saw how one gave your parents the extra cash they needed to stay in and fix up their home, pay off bills, and have enough money to travel and see you and the grandkids whenever they wanted. Of course, they were still required to stay current with […]

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10 Facts Heirs Need to Know About Reverse Mortgages

If a reverse mortgage borrower sells the home or moves away permanently, the loan becomes due and payable. But the truth is, most reverse mortgage borrowers use the loan to age in place, leaving repayment of the loan to their heirs. As with any mortgage, the borrower could be subject to foreclosure for reasons including […]

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What You Need to Know About Homeowners Insurance

If you have ever had a mortgage, including a reverse mortgage, you know that as a condition of your loan, you must maintain homeowners insurance. This insurance helps protect you should something happen to your home, which serves as collateral for the loan. Pretty straightforward, right? But homeowners insurance cancellations and non-renewals (we’ll explain the […]

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Why You May Need to Act Now While Interest Rates Are Low

Seize the moment! Remember all those women on the Titanic who waved off the dessert cart. – Erma Bombeck One of the biggest stories of 2020 was the record-low mortgage rates that continued to favor borrowers. Mortgage rates fell to record lows 16 times throughout 2020, feeding a home purchasing and refinancing frenzy.1 Driving the […]

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The Fresh Start Initiative

A long time ago, in a galaxy, far, far away, you might have been debt free. Maybe it was before you bought your first car, went off to college, bought a home, or started buying nice things to fill your home. Or maybe it was before you were handed a jaw-dropping medical bill you simply […]

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Ideal Candidates for a Reverse Mortgage

There may be as many reasons to consider a reverse mortgage loan as there are people at least 62 years old — the minimum age to apply for one. That’s because each older American is unique, with diverse financial needs and goals. The first reverse mortgage in 1961 went to a widow whose wish was […]

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AAG Expands Support of Older Veterans with Addition of VA Loan

Retirement Solutions Leader Adds Exclusive Option for Older Veterans  ORANGE, Calif. (Nov. 14, 2018) –. In a continuing effort to support veterans of the United States military, American Advisors Group (AAG), a leading provider of home equity solutions for retirement, announced today that it is adding government backed Veterans Affairs (VA) loans to its product […]

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AAG Debuts New Senior Home Equity Solutions Brand

AAG Debuts New Senior Home Equity Solutions Brand, Vows to Help Seniors “Retire Better”  New “What’s Your Better?” TV spot featuring Tom Selleck now airing   ORANGE, Calif. (July 25, 2018) –  American Advisors Group (AAG) today announced the launch of its new brand message, Retire Better, and TV spot, “What’s Your Better?” featuring acclaimed […]

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AAG Opens Operations Center in Austin, Texas

After nationwide search, AAG selects Austin for expansion, brings more finance sector jobs to city’s workforce  ORANGE, Calif. (Oct. 9, 2017)—American Advisors Group (AAG), the nation’s leading reverse mortgage lender, formally announced today the grand opening of its first stand-alone operations center in Austin, culminating a two-year nationwide site selection process. The 24,750 square-foot space at […]

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