AAG offers different home equity solutions - Home Equity Conversion Mortgages and proprietary reverse mortgages, that are designed to give seniors a better financial outcome in retirement.

A reverse mortgage is a loan that allows you to get money from your home equity without having to sell your home. This is sometimes called “equity release”. You can borrow up to 55% of the current value of your home.

It is called a “reverse” mortgage because, instead of making payments to the lender, the borrower receives money from the lender. The money the borrower receives, and the interest charged on the loan, increases the balance of the borrower's loan each month. Over time, the loan amount grows.

Finance of America Companies Inc. Plano, Texas-based Finance of America Companies Inc. (FOA) said Monday it closed March 31 on its previously announced deal to acquire the assets of American Advisors Group (AAG), a direct-to-consumer reverse mortgage lender.

If you decide to cancel the loan after the rescission period, you can do so by paying back any proceeds you received plus the accrued interest. About American Advisors Group.

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.

A reverse mortgage is a loan for homeowners aged 62 and older who want to borrow against their home equity without having to make monthly payments. 1 This mortgage product can help seniors who are short on funds for living expenses.

For example, if your purchase price is $200,000 and your reverse mortgage is $120,000, you would bring in $80,000 plus any closing costs, the loan would supply $120,000 at closing, and the purchase would close.

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.

Starwood Capital Group RMF is a wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), a specialty finance company in the reverse mortgage sector. RMIT is an affiliate of Starwood Capital Group, a global private investment firm and an innovator in non-agency mortgages.

AAG - American Advisors Group | Reverse Mortgage Lender.

Reverse mortgages allow seniors to tap their home equity and turn it into cash. They can offer lump-sum payments, a line of credit (like a credit card) or even monthly payments - whichever suits your lifestyle and retirement goals best.