American Advisors Group Reverse Mortgage Review


Rating: 9.7 / 10 (Excellent)
6 Customer Reviews - see all reviews
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How is American Advisors Group rated?
10/10
Services
10/10
Mortgage Types
10/10
Qualifications
10/10
Accreditations
9/10
Plan Details
10/10
Customer Support

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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Pam Brown
1/17/2017
We have been very happy with our reverse mortgage with AAG that we got over a year ago. Recommend them highly.

R
Rick E
1/3/2017
I would like AAG to know that Tamara Ritter is a definite asset to the organization. She went above my expectations each time we spoke or otherwise communicated and expertly handled the red tape thrown at us by the board of my HOA. In addition to recommending AAG, I am recommending her.

Ed Peirce
,
12/11/2016
In checking with different companies on Reverse Mortgage, I have never dealt with any so rude and uninformed as AAG. Cut my losses quick and moved on!

A
[email protected]
12/6/2016
What a mess. Worst experience ever. Contacted AAG on 8/16 from website. Received phone call on 8/29 from Christine Le, Reverse Mortgage Professional. Conducted phone prequal same day and set up counseling session for 9/7. Christine Le claimed to be a 15 yr professional. She was unable to answer many of the questions we had and put us on hold multiple times to "ask her manager" for the answers. While this in and of itself was not a huge issue it was the start of 14 weeks of delays, misinformation and complete loss of trust in AAG as a Reverse Mortgage Lender. Specific complaiints are: Being told the process could be completed by AAG in 6 - 8 weeks - we cancelled our application at 14... Read More

C
Charlie Aech
11/28/2016
The AAG loan officer I worked with was knowledgeable and I was educated and walked-through on everything I wanted to know. I don't even want to know what their phone bill is. I would recommend this outfit to anyone. My tenure payments came in at a higher monthly amount than I was originally hoping for. I am quite happy.

R
Ralph B
Tiverton, Rhode Island
9/21/2016
Originally, I initiated the reverse mortgage process thru AAG and, as you might expect, the "loan office" was very attentive to my needs. That all seemed to change once I was more involved in the process. Suddenly, email that I sent questioning some of the instructions I received were not answered or answers were seriously delayed. The "loan officer" claimed that he had a medical condition which interfered; he did apologize. But after an extended delay, and on the verge of making a final commitment, I cancelled the transaction. My point to the "loan officer" was that I could not do business with a firm that had such a casual attitude. Even in the face of medical issues, no arrangements... Read More

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