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American Advisors Group (AAG) is an American reverse mortgage lender. It provides government-insured Home Equity Conversion Mortgage loans and has 81 geographical areas approved for business by HUD.
A reverse mortgage is a loan that allows you to access a portion of your home equity and turn it into cash. The most common type of reverse mortgage is a home equity conversion mortgage (HECM), a loan insured by the Federal Housing Administration (FHA) that is available to homeowners age 62 years and up.
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The History of the Reverse Mortgage. The reverse mortgage is one of the most well-developed loan products in the mortgage industry. From its birth in 1961, the reverse mortgage has been through many developmental milestones to make it the safe financial tool it is today.
What is a reverse mortgage loan? A reverse mortgage is a unique financial tool unlike any other in that it offers borrowers the ability to access their home equity without the burden of monthly mortgage payments.¹ Using a reverse mortgage, you can access cash to supplement your income in retirement and age in place in your home.
Sep 14, 2023 · Pros. Helps build a secure retirement. Can ensure you can stay in your home. Helps pay off existing home loans. No tax liability. Customized service and quotes. AAG mortgage rates are...
- Benzinga
Aug 18, 2021 · AAG Reverse Mortgage review. By Kat Aoki. Updated. Aug 18, 2021. Fact checked. Learn more. State availability. Not available in: DE, FL, GA, MA, OH, RI. Our verdict. This lender offers a variety of options that could be right for your situation — but they all carry risk.