AAG launches jumbo reverse mortgage product

American Advisors Group (AAG) has announced the launch its new jumbo reverse mortgage loan program, called the AAG Advantage. With AAG Advantage, qualified borrowers may now obtain a reverse mortgage on properties valued at up to $6 million, versus the FHA loan limit of $625,500 associated with a traditional home equity conversion mortgage (hecm) loan.

Finance of America Reverse, which last year announced upgrades to its existing HomeSafe jumbo mortgage. critical,” said Jahangiri, whose AAG has added forward mortgages and real estate brokerage.

AAG Launches New Jumbo Reverse Mortgage Product – American Advisors Group (AAG) today announced the launch of a jumbo reverse mortgage product that will allow borrowers the opportunity to borrow up to $3 million in loan proceeds. dubbed aag advantage, the new loan will enable qualified borrowers to obtain a reverse mortgage on properties.

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AAG recently began to offer another product, a jumbo reverse mortgage, called AAG Advantage, for borrowers with high-value homes who wish Eligible homeowners may borrow up to $6 million with the AAG jumbo reverse mortgage. However, this product is not federally insured, as the FHA loans are.

Two of the biggest names in the reverse. product does not require a mortgage insurance premium, the two companies noted, and can be used to purchase a new property. The jumbo product also has a non.

AAG Launches New Jumbo Reverse Mortgage Product – american advisors group (aag) today announced the launch of a jumbo reverse mortgage product that will allow borrowers the opportunity to borrow up to $3 million in loan proceeds. Dubbed AAG Advantage.

Leading reverse mortgage lender American Advisors Group, which originates FAR’s HomeSafe loan under the name AAG Advantage, also reported an uptick in proprietary interest. “Products like our.

American Advisors Group Wholesale. The wholesale division of AAG is dedicated to educating mortgage brokers and bankers, credit union lenders, community bankers, and other financial services professionals on how to leverage reverse mortgages as a strategic financial planning tool for their senior clients.

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American Advisors Group (AAG) is one of the nation’s largest reverse mortgage lenders, offering HECM, HECM for Purchase, Reverse Mortgage Refinance loans, Jumbo HECM loans and more. Read about AAG’s products, costs and fees and more.