About American advisors group
American Advisors Group: Building a More Financially Secure Retirement
Are you looking for ways to build a more financially secure retirement? If so, American Advisors Group (AAG) may be able to help. AAG is a leading provider of reverse mortgages and other home equity retirement solutions that can help seniors tap into the equity in their homes to fund their retirement.
What is a Reverse Mortgage?
A reverse mortgage is a type of loan that allows homeowners aged 62 or older to convert some of the equity in their homes into cash. Unlike traditional mortgages, which require borrowers to make monthly payments, reverse mortgages do not require any payments as long as the borrower lives in the home. Instead, interest on the loan accrues over time and is added to the balance of the loan.
When the borrower dies or moves out of the home, either by selling it or permanently moving elsewhere, the loan must be repaid. This typically happens by selling the home and using some or all of the proceeds from the sale to pay off any remaining balance on the reverse mortgage.
Why Choose AAG?
There are many companies that offer reverse mortgages and other home equity retirement solutions, but AAG stands out for several reasons:
1. Experience: AAG has been in business since 2004 and has helped thousands of seniors across America access their home equity through reverse mortgages.
2. Expertise: AAG specializes in reverse mortgages and has an experienced team of professionals who can guide you through every step of the process.
3. Customer Service: AAG prides itself on providing excellent customer service and support throughout your entire journey with them.
4. Education: AAG offers educational resources such as articles, videos, webinars, and seminars designed to help seniors understand how reverse mortgages work and whether they are right for them.
5. Innovation: In addition to traditional Home Equity Conversion Mortgages (HECMs), which are insured by HUD/FHA), AAG also offers proprietary jumbo loans up $4 million dollars with no mortgage insurance premium required.
Types Of Reverse Mortgages Offered By American Advisors Group
AAG offers several types of reverse mortgages depending on your needs:
1) HECM Standard - The most common type offered by most lenders; this program provides borrowers with access up-to certain lending limits set forth by HUD/FHA guidelines.
2) HECM For Purchase - This program allows seniors aged 62+ who want purchase another primary residence using proceeds from sale from current residence along with additional funds if needed.
3) Jumbo Reverse Mortgage - For those whose property values exceed FHA lending limits ($822k), this program provides access up-to $4 million dollars without requiring mortgage insurance premiums.
4) VA Loan Program – For veterans who qualify under VA guidelines; this program provides similar benefits as HECM Standard but tailored specifically towards veterans.
How To Qualify For An American Advisors Group Reverse Mortgage
To qualify for an American Advisors Group (AAG)reverse mortgage you must meet certain eligibility requirements:
1) Age Requirement – You must be at least 62 years old
2) Property Type – Your property must be your primary residence
3) Equity Requirement – You must have sufficient equity in your property
4) Financial Assessment – You will need demonstrate ability maintain taxes/insurance/home maintenance costs
The Benefits Of An American Advisors Group Reverse Mortgage
There are many benefits associated with getting a reverse mortgage through American Advisors Group:
1. Access Your Home Equity Without Selling Your Home- With an AAGreverse mortgage,you can tap into your home's equity without having sell it.This means you can continue living there while still accessing funds needed during retirement years.
2.Flexible Payment Options- With an AGGreversemortgage,you have flexibility choose how receive funds.You could opt lump sum payment upfront,a line credit drawdowns over time,a monthly payment stream combination thereof
3.No Monthly Payments Required- Unlike traditional loans where monthly payments required,American Advisor’sGroup’sReverse Mortgages don’t require any monthly payments until borrower leaves house permanently
4.Tax-Free Proceeds- The money received from an AGGReverse Mortgageis tax-free,because it consideredloanproceeds rather than income
5.No Prepayment Penalties- If you decide pay offyour AGGReverse Mortgage early,you won’t face prepayment penalties
Conclusion
If you're looking for ways build more financially secure retirement,American Advisor’sGroup may have solutionfor you.With its experience expertise,customer service,and educational resources,American Advisor’sGroupcan guideyou through processof gettinga reverseloanthat meetsyour needs.Whetherit'sa standardHECM,jumboorVAprogram,AmericanAdvisor’sGrouphas options availabletohelpyouaccessyourhomeequityandbuildmorefinanciallysecurefuture.Call todayto learnmoreaboutwhatAmericanAdvisor’sGroupcan dofor you!
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