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AAG Reverse Mortgage Educator Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
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Founded in 2004, American Advisors Group is a leading provider of Federal Housing Administration (FHA)-insured reverse mortgages. AAG offers a full range of reverse mortgage products including traditional Home Equity Conversion Mortgages (HECMs), HECM refinance, and HECM for purchase. The company is located in Orange, California.
 
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How is Reverse Mortgage Educator rated?

Breakdown

4.8/5
Transparency & Reputation
4.5/5
Loan Options
4.6/5
Availability

Overall Rating: 4.6 / 5 (Excellent)

Reverse Mortgage Educator is a subsidiary of American Advisors Group, a California-based lender specializing in reverse mortgages.

There is very little information about them online, as they basically serve as an online application portal that redirects consumers to AAG's offers and website.

AAG is the national industry leader in reverse mortgages.

Transparency & Reputation

Lender Type
Lender
2016 HECM Loan Value
$1,239,811,081
Nationwide Mortgage Licensing System ID
9392
Nationwide Mortgage Regulatory Actions
8

Transparency & Reputation - 4.8 / 5

Reverse Mortgage Educator is a mortgage lender that focuses in providing reverse mortgage and HECM loans to senior Americans age 62 and older. It is a company dedicated in helping consumers make more informed decisions. Reverse Mortgage Educator offers helpful resources and provides information on the different reverse mortgage solutions available for senior homeowners. It is rated A+ by the BBB and a member of the National Reverse Mortgage Lenders Association.

Reverse Mortgage Educator Loans

Loan Types
HECM Traditional
HECM for Purchase
HECM Refinance
Proprietary Reverse Mortgage
Payout Options
Lump Sum Payment
Monthly Payments
Line of Credit
Appraisal Fee
$450

Loan Options - 4.5 / 5

Reverse Mortgage Educator is a reverse mortgage lender that offer individually designed loans for senior homeowners age 62 and beyond. It helps seniors decide the best reverse mortgage options available for their unique situation. Clients could quickly get access to help resources which include retirement tips, articles on senior living, industry updates, and facts about reverse mortgage.

Reverse Mortgage Educator Availability

Total Consumer Financial Protection Bureau Complaints
116
Site Features & Mobile App
Home Equity Calculator
Online Quote
BBB Rating
A+
Date Collected
2017-08-17

Availability - 4.6 / 5

FHA has established some regulations and guidelines to act as a protection for borrowers. These guidelines cover requirements for borrowers to be qualified with their reverse mortgage loan. To be eligible, consumers must have their own home, a substantial amount of equity, living in the home as a primary residence, and be 62 years of age or older. After obtaining a reverse mortgage loan, consumers are still responsible for sustaining all loan terms, and prioritizing loan funds. Consumers must also be persistent in paying homeowners insurance, association fees, basic home maintenance, and property taxes. As a customer qualifies and continues to conform with all loan obligations, the loan itself provides additional benefits for them to enjoy. Borrowers are not bound to owe more than the amount their home sells for even if the amount of loan debt surpasses it. In addition, no assets other that the home can be taken to pay back the reverse mortgage loan.

Contact & Additional Info

Homepage URL
https://americanadvisorsgroup.com
Company Phone
(800) 817-5027
Headquarters Address
3800 W Chapman Ave Fl 3, Orange, CA
Year Founded
2012

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