On June 1, 2016, American Advisors Group (AAG), announced Emmy and Golden Globe award-winning actor Tom Selleck as its national spokesperson.

American Advisors Group Popular actor Tom Selleck has been named the spokesperson for reverse mortgage lender American Advisors Group.

With a reverse mortgage, the amount of money you can borrow is based on how much equity you have in your home. (Your equity is how much money you could get for your home if you sold it, minus what you owe on your mortgage.)

On August 1, 2016, American Advisors Group (AAG), the leading reverse-mortgage lender, announced the premiere of its new television commercial campaign naming Selleck as the company's new national spokesperson following the death of Fred Thompson, their previous spokesperson.

Specifically, the CFPB alleges that AAG: Deceptively inflated home values: In marketing their reverse mortgage products, AAG provided consumers with inflated estimates of home values to entice them to enter into negotiations to open a reverse mortgage.

Thomas William “Tom” Selleck is an American actor and film producer, best known for his starring role as Hawaii-based private investigator Thomas Magnum on the 1980s television show Magnum, P.I. He also plays Jesse Stone in a series of made-for-TV movies based on the Robert B. Parker novels.

These materials are not from HUD or FHA and were not approved by HUD or a government agency. *Finance of America Reverse LLC does not do business as American Advisors Group/AAG in Nevada and New York.

Most reverse mortgages today are called HECMs, insured by the Federal Housing Administration (FHA). It is called a “reverse” mortgage because, instead of making payments to the lender, the borrower receives money from the lender.

You can better manage expenses in retirement Many seniors experience a significant income reduction when they retire, and monthly mortgage payments can be their biggest expense. With a reverse mortgage, you can supplement a diminished income and continue to pay your bills.

Luckily, AAG is one of the most reputable reverse mortgage lenders in the industry. The company has over 5,000 Trustpilot reviews that average 4.6 stars.

Selleck Says: A Reverse Mortgage Turns Your Home Equity into Cash That You Pay Off When You Leave the House. This statement can be a little bit misleading. It is not incorrect, but not fully accurate either. Yes, the loan turns your home equity into cash.

Specifically, the CFPB alleges that AAG: Deceptively inflated home values: In marketing their reverse mortgage products, AAG provided consumers with inflated estimates of home values to entice them to enter into negotiations to open a reverse mortgage.