What is American Advisors Group (AAG)?
Established in 2004 by Reza Jahangiri, AAG is one of the top reverse mortgage lenders in the U.S. It was founded to help alleviate financial hardship faced by individuals approaching retirement age so that they can reach their financial and retirement goals. AAG also features innovative mortgage solutions to help you be more proactive with your finances.
AAG has one primary goal through its offerings: ensuring your retirement years are enjoyable and secure.
How Can AAG Help Your Retirement?
As mentioned above, American Advisors Group (AAG) is a leading provider of reverse mortgage loans and other financial products and services designed to help retirees and seniors achieve their financial goals. One of the primary ways that AAG can help your retirement is through their reverse mortgage loan program.
A reverse mortgage loan allows you to access the equity in your home without having to sell it or make monthly mortgage payments. Instead, the loan is repaid when you sell the home, move out, or pass away. This can be a great option for retirees who are looking to increase their cash flow or pay off debt without having to take on additional monthly payments.
In addition to their reverse mortgage loan program, AAG also offers a range of other financial products and services to help retirees and seniors achieve their financial goals. For example, they offer annuities, life insurance, and long-term care insurance, as well as investment management services. With their comprehensive approach to retirement planning, AAG can help you build a solid financial foundation for your retirement years.
AAG also provides retirement planning services, which can help you create a customized plan that aligns with your specific goals and objectives. They can help you identify your retirement income needs, determine your risk tolerance, and develop a sound investment strategy. They can also help you navigate the complex rules and regulations surrounding Social Security to ensure you receive the maximum benefit possible.
Overall, if you’re looking for ways to make your home equity work for you and want a comprehensive retirement planning solution, AAG may be the right choice for you. With their expertise and experience in the industry, they can help you navigate the complex world of retirement planning and ensure you have the resources you need to enjoy a comfortable retirement.
How Does AAG Differ from Other Reverse Mortgage Lenders?
AAG’s portfolio of options is extensive compared to other reverse mortgage lenders. Furthermore, you’ll know you’re in good hands as an industry leader in reverse mortgage closings and boasts thousands of exceptional reviews from past and current customers. Furthermore, you can find abundant resources on AAG’s website to educate yourself on reverse mortgages and decide if it’s the best fit for you.
What Does AAG Offer?
AAG features two unique solutions to help you retire better.
AAG’s reverse mortgage is an FHA-insured loan that lets you eliminate your monthly mortgage payment while accessing the cash you need to cover other vital expenses. Plus, you can remain in your home as long as you maintain the property and continue to make timely payments for homeowners insurance and property taxes and comply with loan terms.
Home Purchase Loans
If you’re looking to sell your current home and buy a new one, AAG can lend a helping hand. The Home Equity Conversion Mortgage (HECM) for Purchase Loan (or Reverse for Purchase) is backed by the Federal Housing Administration (FHA). It allows homeowners who are at least 62 years of age to buy a new home without having to make monthly mortgage payments. The new homebuyer, however, is still required to maintain the home, pay property taxes and homeowners insurance, and otherwise comply with all loan terms. To complete the new home purchase, you simply combine your down payment with a HECM loan.
How Can You Be Eligible for AAG Products?
The eligibility criteria vary by the mortgage product you select.
- Reverse Mortgages: You must be 62 or older, own the home, and use it as your primary residence.
- Home Purchase Loans: These loan products are reserved for homebuyers 62 years or older who meet the HECM program’s financial requirements and can make an adequate down payment. You must also occupy the property within 60 days of closing and use it as your primary residence.
Is AAG a Reputable Company?
AAG is a leading provider of reverse mortgage loans and other financial products and services designed to help retirees and seniors achieve their financial goals. They have been in business for almost 20 years and have helped thousands of older adults achieve better retirement.
AAG has received positive reviews from customers on various platforms, including Trustpilot and Glassdoor. Customers have praised the company for their excellent customer service, knowledgeable staff, and commitment to helping seniors achieve their financial goals.
In addition to positive customer reviews, AAG has also received industry recognition for its work. They have been named one of the top reverse mortgage lenders in the nation by various industry publications, including Reverse Mortgage Daily and Reverse Mortgage Insight.
AAG is also a member of the National Reverse Mortgage Lenders Association (NRMLA), which is a trade association that promotes the ethical and professional standards of the reverse mortgage industry. As a member of the NRMLA, AAG is committed to upholding the highest standards of integrity and professionalism in their business practices.
What Are Customers Saying About AAG?
- “The team at AAG was there for me through the entire process. Kudos to everyone for a job well done!” —Norman K. (Experience.com review)
- “My loan officer was very caring and helped me as much as she could. She even reassured me when I was having doubts, and I knew I had a friend in her.” —Salomeh M. (Experience.com review)
- “All of my questions and concerns were addressed during the process. The team was amazing and made the process to completion as seamless as possible.” —Roger Y. (Trustpilot review)
- “Exceptional experience from application to funding, and the team always kept us in the loop. We didn’t encounter any glitches. For this reason, we would highly recommend AAG to anyone.” —Donald H. (Trustpilot review)
- “I was kept in the loop during the entire process. The employees were also very likable and competent. AAG is the complete package, and I’d highly recommend them to others.” — Betty C. (Trustpilot review)
- “At first, I was a bit skeptical, but I finally gave in to get the aid I needed. My lender advisor was extremely courteous and provided me with peace of mind.” —Sandra T. (Trustpilot review)
How to Get Started with AAG
You can get started with AAG by requesting a free information kit directly from the website. If you’d prefer to contact AAG directly and speak with a representative, call 800-820-8038 to discuss options that may be a good fit for your financial situation.