Is AAG a good company for reverse mortgage?

Is AAG a good company for reverse mortgage?

AAG is a member in good standing as a reverse lender with the National Reverse Mortgage Lenders Association (NRMLA) and continues to get outstanding reviews from its customer base. This is a testament to the company’s supportive customer service environment.

Is AAG any good?

AAG has a 4.4 out of 5 rating from 4,233 reviews on Trustpilot, with 67% rating the company “excellent” and another 17% calling it “great.”

What is the problem with reverse mortgages?

Reverse mortgages come with higher fees than most traditional loans, and borrowers are also faced with mortgage insurance costs up to 2.5% of the home value. What’s more, most reverse mortgage terms require borrowers to stay on top of property taxes, homeowners insurance and maintenance costs to avoid default.

Can you lose your house with a reverse mortgage?

The answer is yes, you can lose your home with a reverse mortgage. However, there are only specific situations where this may occur: You no longer live in your home as your primary residence. You move or sell your home.

Is AAG still in business?

AAG is fully operational and remains dedicated to helping older Americans maintain their financial and physical well‑being. Call today to chat with a professional: (800) 224‑9121.

Is AAG a good company to work for?

AAG is a great place to work. The executive team really cares about the employees. This is the first company that really says what it means when it comes to work life balance. Also, with everything that has gone on in 2020, AAG has made it easy for us to continue to be successful.

What is the catch on a reverse mortgage?

What is the catch with reverse mortgage? There is no catch with a reverse mortgage. You just are not required to make payments on the loan until you leave the home so the balance rises instead of falling each month as it would if you were making payments.

Who owns AAG mortgage?

CEO Reza Jahangiri
American Advisors Group (AAG) was founded in 2004 by CEO Reza Jahangiri in Orange County, California to help older Americans secure a better retirement through the responsible use of their home equity. Today, AAG is the No. 1 reverse mortgage lender in the United States.

How many employees does AAG have?

American Advisors Group

Founded Irvine, California, USA (2004)
Headquarters 18200 Von Karman Ave., Suite 300 Irvine, California 92612 United States
Key people Reza Jahangiri, CEO/Founder
Employees 1000+ (2015)