Compare American Advisors Group vs. LendingTree Reverse Mortgages

What’s the difference between American Advisors Group Reverse Mortgage and LendingTree Reverse Mortgage? See how our editors compare the two companies below.
Last Updated: May 18, 2018
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American Advisors Group
10.0 / 10 - Excellent
#1 in Reverse Mortgages
LendingTree
9.5 / 10 - Excellent
#2 in Reverse Mortgages
vs

Key Facts

  • Our # 1 Choice, BBB Accredited, #1 Reverse Mortgage Lender in the nation
  • Meet with a Licensed Professional to discuss your personal needs, depending on your location.
  • Customer service agents readily available 24/7 to answer your questions
  • Approved Member of US Department of Housing and Urban Development
  • 96% Customer Satisfaction Rating
  • Eligibility: Age 62+, $100K+ home value with 50%+ equity
  • Free Information Kit on Pros & Cons
  • Save money by easily comparing rates from multiple lenders
  • Choose the payout option that works for you
  • No mortgage payments; still pay taxes and insurance
  • Still own and live in your home while receiving cash
  • Generally will not affect your social security
  • When banks compete, you win!

OVERALL RATINGS

 American Advisors GroupLendingTree
Lender Details10/1010/10
Loans10/1010/10
Consumer Experience10/1010/10

Lender Details

 American Advisors GroupLendingTree
Lender Type
Lender
Marketplace
2016 HECM Loan Value
$1,239,811,081
Nationwide Mortgage Licensing System ID
9392
1136
Nationwide Mortgage Regulatory Actions
8
2

Loans Compared

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

Customer Experience

 American Advisors GroupLendingTree
Total Consumer Financial Protection Bureau Complaints
116
Site Features & Mobile App
Home Equity Calculator
Online Quote
Home Equity Calculator
Online Application
Online Quote
Mobile App
BBB Rating
B+
A-
Number of BBB Positive Reviews
128
55
Number of BBB Neutral Reviews
4
10
Number of BBB Negative Reviews
16
53
Trust Pilot Rating
8.4 out of 10
9.4 out of 10
Date Collected
2017-08-17
2017-08-17

Contact & Additional Info

 American Advisors GroupLendingTree
Homepage URL
Company Phone
(866) 948-0003
(800) 813-4620
Headquarters Address
3800 W. Chapman Ave. Third Floor, Orange, CA, 92868
11115 Rushmore Dr., Charlotte, NC, 28277
Mailing Address
3800 W. Chapman Ave. Third Floor, Orange, CA, 92868
11115 Rushmore Dr., Charlotte, NC, 28277
Year Founded
2004
1997

Final Verdict

American Advisors Group Reverse Mortgage has a higher overall rating than LendingTree Reverse Mortgage. American Advisors Group scores better than LendingTree across: Company Reputation, Lender Details, Loans, and Consumer Experience. Both companies score similarly on Closing Costs/Continuing Fees, Disbursement Options, Support Resources, and Types of Reverse Mortgages.


Customer Comments & Reviews

D
Debbie
Ashburn, Virginia
5/1/2018
American Advisors Group Reverse Mortgage review
AAG was VERY MISSLEADING by disclosing all but the one main reason for not qualifying to get a reverse mortgage. That is, what the percentage of your loan to value needs to be? If I knew that up front, my hopes to do It would have not crashed and burned the way it did.


P
Phillip M
Orange, California
4/29/2017
American Advisors Group Reverse Mortgage review
I called AAG with not knowing if i was to stay in my home or move in the near future. AAG explained that if moving was a potential future plan, then we could pay on the reverse mortgage at our own pace and time as we go. No late payments, no credit hits, no foreclosure, no 30 day regimen. That way, every dollar we put in the loan to pay off the balance owed will be placed in a growth account/ line of credit, growing at the same rate as the interest on the loan. That allows me to control my balance if I want to sell in the future, deduct from taxes the interest paid, and to have access to more tax free money later if I don't sell. This is a great product no matter what the future plans. Bring it on!


R
Rick E
Fullerton, California
1/2/2017
American Advisors Group Reverse Mortgage review
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.


C
Charlie A
Fullerton, California
11/28/2016
American Advisors Group Reverse Mortgage review
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.