In the latest AAG TV ad, spokesman Tom Selleck reassures seniors that a reverse mortgage is “a loan like any other.” Debuting in limited test markets on July 8, the ad has outperformed the company's current creative marketing according to an AAG spokesperson.

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.

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.

AAG will continue to operate, but as a part of Finance of America, the companies said.

Home Equity Conversion Mortgage (HECM) A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older.

Home Equity Conversion Mortgage Home Equity Conversion Mortgage (HECM) – The most popular type of reverse mortgage, these federally-insured mortgages usually have higher upfront costs, but the funds can be used for any purpose.

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.

A big downside to reverse mortgages is the loss of home equity. Because you're not paying down your reverse mortgage balance, you'll make less profit when you sell, or limit your borrowing power if you need a new loan. You'll pay high upfront fees.

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

On Dec. 6, 2022, FOA announced it would acquire the majority of AAG's assets, comprised largely of residential reverse mortgage loans and mortgage servicing rights, and certain liabilities, for approximately $48 million in FOA shares and $10 million in cash.

Wilbur Ross & Co. LLC American Home Mortgage Servicing Inc. was sold to Wilbur Ross & Co. LLC, as part of the bankruptcy liquidation, in November 2007.

Borrowers can only have one existing reverse mortgage at a time. However, borrowers who have paid off a reverse mortgage can get another reverse mortgage. And borrowers with an existing reverse mortgage can refinance the reverse mortgage to another one.