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AAG - American Advisors Group | Reverse Mortgage Lender

What Customers are Saying About AAG. Our clients’ satisfaction is a testament to our success. As the leading reverse mortgage lender in the nation, AAG has helped thousands of older adults achieve a better retirement.

Actived: Wednesday Dec 2, 2020

URL: https://www.aag.com/

AAG - American Advisors Group | Reverse Mortgage Lender

Details: *Borrowers must continue to pay property taxes, homeowner’s insurance, and home maintenance costs. What Customers are Saying About AAG. Our clients’ satisfaction is a testament to our success. As the leading reverse mortgage lender in the nation, AAG has helped thousands of older adults achieve a better retirement. Hear directly from our

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Contact Information for AAG - American Advisors Group

Details: American Advisors Group HQ. 3800 West Chapman Ave, 3rd & 7th Floor. Orange, CA 92868. 1-866-948-0003 | NMLS #9392

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Life Insurance Articles | American Advisors Group

Details: 10 Alternatives to Long-Term Care Insurance Without a doubt, long-term care is a pricey proposition and if you need it, it will probably be your biggest retirement expense. In fact, the U.S. Department of Health and Human Services estimates that elder care services will cost the average person $138,000.

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True Costs of a Reverse Mortgage Loan – American Advisors

Details: The Mortgage Insurance Premiums (MIPs) are what you pay to the FHA to protect you and your lender and, by extension, the integrity of the reverse mortgage program. Here are three examples: If your loan balance exceeds the value of your home when you sell, move or pass away, neither you nor your heirs are responsible for making up the difference.

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HECM for Purchase | AAG - American Advisors Group

Details: (Borrower must continue to pay for property taxes, homeowner’s insurance and maintain the home.) What is a HECM for Purchase Loan? A HECM for Purchase Loan, also known as a Reverse for Purchase, is a government-insured loan that gives homeowners 62 and older the convenience and flexibility to purchase a new home while eliminating mortgage

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Understanding Reverse Mortgage Loan Closing Costs

Details: Title Insurance. This insurance protects both buyer and lender against potential losses from possible property ownership disputes. Recording Fee. This is a fee to record the mortgage lien with your county’s recorder’s office, often the county clerk. Documentation Preparation Fees. This is a fee for the preparation of all final closing

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The History of the Reverse Mortgage - American Advisors Group

Details: – They increase Mortgage Insurance Premium from 0.25% to 1.25% per year – They lower the interest rate floor from 5.5% to 5%, which is the first time in Reverse Mortgage history. In 2013 , HUD releases new HECM policies that make the product safer, stronger, and less risky for the borrower.

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AAG Commercials featuring Tom Selleck – American Advisors

Details: Below are commercials featuring Emmy and Golden Globe award-winning actor Tom Selleck. To watch more reverse mortgage commercials and videos by American Advisors Group, visit our YouTube channel. For more information about reverse mortgage loans and how they may help you live a better retirement, order a free reverse mortgage dvd & brochure today

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Reverse Mortgage Rules & Requirements – American Advisors

Details: Continuing payments on your home insurance, property taxes, and basic home maintenance. Complying with all the loan terms, such as continuing to live in the home as your primary residence. Beneficial Reverse Mortgage Loan Rules. The regulations about loan payback are quite important as well.

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Reverse Mortgage | American Advisors Group (AAG)

Details: The borrower must continue to pay property taxes and homeowner’s insurance, and must keep the house in good repair. As a non-recourse loan, the borrower will never owe more than the house is worth. If the loan balance exceeds the home’s value, the Federal Housing Administration will cover the difference.

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FHA Reverse Mortgage Loans – American Advisors Group

Details: In 1988, the FHA extended its insurance coverage to include reverse mortgage loans, establishing its HECM program. FHA HECMs are non-recourse loans, meaning the property is the only collateral that can be taken to pay back the loan. There is no personal liability on the borrower’s part.

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Reverse Mortgage Interest Rates - American Advisors Group

Details: An annual Mortgage Insurance Premium (MIP) of 0.5% The current interest rates being charged (the note rate) For borrowers who choose the line of credit disbursement option, it is good to note that the credit line grows at the same rate that the loan balance does.

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Closing Costs and Fees of a Reverse Mortgage Loan

Details: Initial Mortgage Insurance Premium: This up-front fee is charged by the government and is intended to cover the guarantees provided by the FHA to the lender and the consumer. The amount is paid upfront at closing and is 2.0% of the maximum claim amount.

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Legal Information | American Advisors Group (AAG)

Details: AAG charges an origination fee, mortgage insurance premium (where required by HUD), closing costs and servicing fees, rolled into the balance of the loan. AAG charges interest on the balance, which grows over time. When the last borrower or eligible non-borrowing spouse dies, sells the home, permanently moves out, or fails to comply with the

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Reverse Mortgage Fees – American Advisors Group

Details: What is FHA Mortgage Insurance Premiums (MIP)? With federal insurance of the HECM comes a mortgage insurance premium. This protects a borrower in many ways, guaranteeing that the federal government will step in to cover the loan if it surpasses the amount the house is worth when sold, or if the lender goes out of business.

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Reverse Mortgage Loans: A Financial Tool for Veterans

Details: With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds. Your heirs and spouse are also protected by the FHA against owing more than the value of the house when it comes due.

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10 Alternatives to Long-Term Care Insurance

Details: Life insurance. To be sure, the primary purpose of life insurance is to protect the people you love from financial hardship after your death. However, some policies offer an accelerated death benefit, which allows policyholders who have a terminal diagnosis or chronic illness to get their death benefit while they’re still alive.

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What is a financial plan Articles | American Advisors Group

Details: Travel Insurance (1) Doctor Check-Up (1) Remodel (1) Contractor (1) Game Show Reboots (1) National Older Americans month (1) Older Adults (1) Neighborhood Watch (1) Entrepreneur Magazine (1) Bucket List (1) Memoir (1) Money (1) Health (1) End-of-Life Documents (1) Financial Documents (1) Veterans Benefits (1) Supplemental Security Income (1

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AAG Jobs & Reverse Mortgage Jobs | American Advisors Group

Details: Company sponsored life, short term and long term disability insurance. Company sponsored employee assistance program, that includes counseling sessions, legal assistance, travel protection and identity theft protection. Optional dependent care flexible spending account. Paid time off. 401(k) plan with a 50% match on the first 6% of their

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Human Resource Professionals (Affinity) – American

Details: Consistently paying bills on time and for the right amount can be a struggle at any age, but for seniors facing physical or cognitive decline, the inability to perform bill-paying tasks like the regular payment of property taxes and homeowners insurance can threaten their independence and livelihood.

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What You Need To Know About Medicaid - AAG

Details: Medicaid is the largest health insurance program in the United States, covering about one-in-five low-income Americans or about 73 million people. Before you’re tempted to say the program can’t help you because you think you earn too much or own too many assets, you may be surprised, or even shocked, by what you’re about to learn.

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10 Fundamental Facts About Medicare

Details: People ineligible for free Part A can pay a monthly premium to participate. Although you may not pay premiums for Part A coverage, you may still be responsible for deductibles, co-insurance, and co-payments. Part B (Medical Insurance). Everyone enrolled in Part B pays a premium! The standard Part B premium amount in 2020 is $144.60.

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Medicaid Articles | American Advisors Group

Details: 10 Alternatives to Long-Term Care Insurance Without a doubt, long-term care is a pricey proposition and if you need it, it will probably be your biggest retirement expense. In fact, the U.S. Department of Health and Human Services estimates that elder care services will cost the average person $138,000.

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Residential Real Estate Professionals – American Advisors

Details: The HECM, however, doesn’t have to be repaid until the homeowner leaves the property¹. The borrower must of course continue to pay their property taxes, homeowner's insurance, and home maintenance costs. If you help your clients both sell their current home and purchase a new one, that’s two commissions for you.

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Jumbo Reverse Mortgage Loans | American Advisors Group (AAG)

Details: The borrower must continue to pay property taxes and homeowner’s insurance, and must keep the home in good repair, per the obligations of the loan. The borrower remains the owner of the home and on title.** The amount you can borrow depends on the value of your property, your interest rate and your age.

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Travel Insurance Articles | American Advisors Group

Details: Should I Buy Long Term Care Insurance (1) Long-Term Care Insurance (1) Life Insurance (1) diversified retirement (1) safe investments for seniors (1) diversify retirement (1) Inspirational Retirement Quotes (1) Retirement Sayings (1) Veterans Day (1) Armed Services (1) Marriage (1) Jane Bryant Quinn (1) Maintain Credit Score (1) Easy Way To

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Senior Care Professionals – American Advisors Group

Details: Many incorrectly believe that medical insurance will cover in-home, long-term care¹; 70% of those 65+ will need some type of long-term care service at some point²; About 90% of seniors say they want to remain in their homes for as long as possible³; 25% fewer doctor visits occur when home care is in place⁴

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About AAG | Who We Are and What We Do

Details: Learn about AAG. American Advisors Group has been in business for over 10 years and is the largest reverse mortgage loan originator in the US.

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Retirement and Reverse Mortgage Loan Trends – American

Details: Borrowers are responsible for paying property taxes, homeowner’s insurance, and home maintenance. Retirement tendencies also reveal that two-thirds of boomers employed in the private sector do not have a retirement plan aside from social security while having less than $25,000 saved and invested.

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Should You Accept the Job of Executor of Someone's Will?

Details: If they incur out-of-pocket expenses, such as utilities, property taxes, insurance, storage fees, etc., before the estate is settled, they can usually reimburse themselves during the course of their estate administration. But again, compensation is a subject that should be clearly spelled out before accepting an executorship. Spending down any

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What You Need to Know About a Non-Borrowing Spouse

Details: Today, non-borrowing spouses enjoy more protections than ever before. Since August 4, 2014, this designation has made it possible for the widow or widower to remain in the home they love. Of course, Borrower(s) must continue to pay property taxes and homeowner’s insurance, maintain the home, and otherwise comply with the loan terms.

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Reverse Mortgage Counseling: What You Need to Know

Details: Reverse Mortgage Counseling: What You Need to Know Although you should do your homework and ask a lot of questions to try to get the best deal when buying a home, car or another big-ticket item, the amount of effort you put into your task is entirely up to you. Your due diligence is optional.

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Important Documents Checklist: Safeguard Your Most

Details: End-of-life documents include items such as trust and estate documents, life insurance policies, funeral arrangement preferences, and an organ donor card. Financial Documents. First off, many programs for which you may qualify — Veterans benefits, Medicaid, Supplemental Security Income (SSI) — will require that you demonstrate financial need.

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Benefits of a Reverse Mortgage - AAG Reverse Mortgage

Details: Borrowers remain responsible for paying property taxes, homeowner’s insurance, and for home maintenance. #3 You are protected if the housing market declines. The reverse mortgage loan is insured by the federal government. With federal insurance comes greater security.

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Retirement Quotes – 60 Best Inspirational and Funny

Details: Inspirational Retirement Quotes. 1. The best part about retirement is spending time with the grandkids. 2. Retirement is the only time in your life when time no longer equals money.

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AAG - American Advisors Group | Tools for Financial

Details: HECM borrowers, however, must maintain the property, pay property taxes and homeowner’s insurance and otherwise comply with the loan terms. With a HECM, your clients can budget, save, invest and plan for a better retirement.

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AAG Press Articles | American Advisors Group

Details: AAG Named 2020 Torch Awards for Ethics Finalist. AAG Honored for Outstanding Level of Ethics by the Better Business Bureau for Third Time ORANGE, Calif. (Nov. 23, 2020)—American Advisors Group(AAG) is proud to announce it has been named a finalist for the 2020 Torch Awards for Ethics in the 200+ employee category by the Better Business Bureau Pacific Southwest.

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Reverse Mortgage Pitfalls: The Truth About 3 Common

Details: A popular benefit of reverse mortgage loans is the fact that you remain the owner of your home as you pay no monthly mortgage payment and receive a portion of your home equity in cash. But, along with ownership of the home comes the common obligations associated with it, such as the payment of homeowners insurance and property taxes.

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Request a FREE Info DVD & Brochure about Reverse Mortgage

Details: AAG charges an origination fee, mortgage insurance premium (where required by HUD), closing costs and servicing fees, rolled into the balance of the loan. AAG charges interest on the balance, which grows over time. When the last borrower or eligible non-borrowing spouse dies, sells the home, permanently moves out, or fails to comply with the

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What is Equity? – American Advisors Group

Details: This is why many homeowners find that the reverse mortgage option is often most helpful, and why many senior homeowners find it most beneficial to go the reverse mortgage route. Borrowers will remain responsible for paying property taxes, homeowner’s insurance, and home maintenance. Home Equity and Reverse Mortgages

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6 Consumer Protections for Reverse Mortgage Loan Borrowers

Details: After your passing, your spouse may remain in the home, continuing to defer loan repayment, as long as all loan and FHA requirements continue to be met, including maintenance of the home and payment of all property taxes, fees, and homeowner’s insurance. 6. Initial Principal Limit

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How to Make Your Money Last in Retirement | AAG

Details: By downsizing, you may be able to reduce your mortgage, taxes, insurance and home maintenance costs . Pay Attention To Your Medicare Deadlines. Consider this: The average homeowner spends 3.25 percent of their home’s value in annual maintenance, according to Boston College’s Center for Retirement Research. So, a home with a smaller

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Homes and the Stock Market Crash of the 1930’s

Details: At this time, the Federal Reserve was not in place as a safety net, and deposit insurance did not yet exist. These loan defaults forced banks to find other ways to remain solvent, such as calling in business loans and foreclosing on home mortgages. • The Great Depression Q and A

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Mortgage Refinance | American Advisors Group (AAG)

Details: Refinancing into an FHA loan might be a solid option if you have spotty credit, as these loans have less stringent credit requirements. But the trade-off is that FHA loans come with upfront and recurring mortgage insurance premiums. Talk to your AAG professional about whether refinancing into an FHA loan makes sense for you.

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What is LESA and How Does It Help Pay Property Taxes? | AAG

Details: In applying for a reverse mortgage to help you retire better, one of the steps, established by the FHA in 2015, is a financial assessment to determine your ability to maintain your home and regularly pay your property taxes and homeowners insurance after your loan closes.

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10 Reasons Having a Good Credit Score Is Important

Details: Obtaining a better insurance rate. If you think your auto insurance rates are high now, they could climb even higher if you have a bad credit score. Insurance companies have documented that people with bad credit tend to file more claims, providing these companies with an easy excuse to charge applicants higher insurance premiums.

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5 Travel Tips for Seniors That Could Save Your Wallet and

Details: You can purchase travel insurance to protect yourself from a range of potential financial risks and losses, such as last-minute trip cancellation due to a medical emergency once your travels are underway. Basic plans can be very budget-minded at less than 4% of your pre-paid costs, and premium vacation insurance plans can be over 12%.

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Sequence of Returns Risk: How It Impacts Retirement

Details: The downside with this insurance strategy is that it can take several years to build cash value. An annuity is a type of savings contract designed to turn your savings into payments for the future, for instance, you’re receiving $500 a month for 20 years.

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Reverse Mortgage Pros and Cons for Homeowners

Details: As with a traditional mortgage, if you fail to keep up the home, pay your property taxes and homeowners insurance, or fail to comply with your loan terms, your loan could go into default. If you see this as a concern, you could set up an escrow account, known as a Life Expectancy Set-Aside or LESA, to ensure you can meet these ongoing obligations.

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