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There's a lot of misinformation about reverse mortgages -- and Tom Selleck can only answer so many questions in 30-second TV spots for AAG. Reverse mortgages can be a lifeline to seniors who are...
HECM, lump sum, line of credit, reverse for purchase, Platinum (jumbo) For HECMs, borrowers must be aged 62 or older and have considerable equity (at least 50 percent) or own their home free and ...
The group was founded in 2004 by Reza Jahangiri, president and chief executive officer. [2] [4]In June 2009 the company received a capital-infusion commitment from private-equity firm JAM Equity Partners of El Segundo, California, an investment said to give AAG "the resources needed to compete on a national level with a celebrity spokesperson and [to] build a recognizable brand."
Key takeaways If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more.
Also in 2017, Jahangiri was interviewed by the Orange County Register for an article profiling AAG's rise in the reverse mortgage industry. [12] The following year, Jahangiri was interviewed by HousingWire about AAG's expansion into conventional and FHA refinance loans, as well as real estate services for the senior demographic. [13]
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.
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