American Advisors Group Reverse Mortgage Review


Rating: 9.8 / 10 (Excellent)
21 Customer Reviews - see all reviews
Disclosure: We receive advertising revenue from this partner. Learn more.
How is American Advisors Group rated?
10/10
Company Reputation
10/10
Closing Costs/Continuing Fees
10/10
Disbursement Options
10/10
Support Resources
9/10
Types of Reverse Mortgages

American Advisors Group is a reverse mortgage lender that handles HECM Loans. The company provides FHA Reverse Mortgage Loans, reverse mortgage resources, and webinars for senior citizen clients.

Services and Features

American Advisors Group provides an online calculator that gives you an idea of how much money you could expect to get from a reverse mortgage. Fees and other interest rate calculations are provided by a professional, so clients know exactly what to expect.

American Advisors will appraise your home value to ascertain how much money you may qualify for with your reverse mortgage. Clients must be at least 62-years-old to be eligible. The company offers different kinds of disbursement options including a line of credit, modified tenure plan, tenure, monthly payments, full, partial, lump sum, or any combination depending on the client’s preference.

The borrower is obliged to fulfill certain obligations during their reverse mortgage loan period. This includes paying property taxes, home insurance and basic home maintenance. American Advisor Group assures that clients will not lose their home as long as they uphold their obligations and responsibilities.   

Services and Features

Reverse Mortgage Calculator

Online Quotation

Refinancing

Financial Guide

Types of Reverse Mortgage

VA Loans

Single-Purpose Reverse Mortgage

Home Equity Conversion Mortgage

Proprietary Reverse Mortgage

Qualifications

Counseling

Home Owner

Amount of Equity

Not Stated

Age

62 and older

Accreditation

Member of US Department of Housing and Urban Development

Member of Nation Reverse Mortgage Lenders Association

Insured by FHA

Approved by Equal Housing Opportunity

Plan Details

No Pre-Payment

Not Stated

No Monthly Servicing

Not Stated

Interest Rate

Not Stated

Closing Cost and Fees

Not Stated

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at American Advisors Group

American Advisors Group is a good choice for reverse mortgage services. The company has free kits and webinars which provide useful information about reverse mortgages. These give borrowers a better look into the world of reverse mortgages, and can be a big help in the decision-making process.

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Latest Reviews

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Faith K
New Smyrna Beach, Florida
3/26/2017
Went through the entire process including paying for an appraisal and they never at any time indicated my home would not be eligible because of the ratio of mortgage vs equity. The current mortgage is 70000. Home is worth 160000.

Jared D
Buena Park, California
3/17/2017
Great company to work with. All dealings and final numbers were positive

Christian l
3/14/2017
Ed Wacaster laid everything on the table and gave us 5 star service. He is a kind and knowledgeable man. We will be referring Ed and AAG.

S
Steve T
Buena Park, California
3/13/2017
Keep up the good work! Diva and the reps were pleasant and reliable and I am happy with my reverse mortgage. I have only good things to say about AAG.

H
Harry B
Newport Beach, California
3/11/2017
Good company. I don't have a single question that went unanswered. Was expecting something for referring my neighbor besides a thank you card?

J
Joann
San Diego, California
3/10/2017
The Rep that took my call was Bill from Poway, ca. And quoted me a pay out of $17,000 with me having $163,000 equity in my condo and a life expency of less than 10 years! You are forwarned!!

A
Amelia
Irvine, California
3/10/2017
Kolleen is unbelievable and I want to give the highest possible accolades for her service. She is professional, responsive and accommodating. I trusted her every second of her leading the way, yet I never felt pressured or rushed. She deserves an A+ rating.

L
Lillian F
3/8/2017
Thank you. Thank you. Thank you. I am very glad that I did my research and with this mortgage company. We live in a rural area with comps few and far between but they made it work. Excellent appraisal and quick turnaround.

S
Steve
Los Angeles, California
3/7/2017
Thank you for finishing what One Reverse could not. Quicken Loans (parent company) have a great name but they are NOT quick. We're on a well + cistern and have a solar lien but AAG made it happen. A bit slow, but the end result is great. Many thanks

C
Chris S
La Puente, California
2/27/2017
Superb experience, with few mistakes. Chuck Burson is a stand up man and took care of us. We refinanced a prior reverse loan since it was not drawn from and AAG got us better rates. I would recommend.

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