American Advisors Group (AAG) Reviews
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About American Advisors Group (AAG)
AAG offers several types of reverse mortgages, including FHA-backed home equity conversion mortgages (HECMs) and proprietary jumbo loans. AAG’s jumbo reverse mortgages allow homeowners to access up to $4 million in equity, which is well beyond the HECM limit at the time of publishing. AAG also offers HECM for Purchase loans, a type of reverse mortgage that helps you buy another home.
Visit www.financeofamerica.com- Free online loan calculator
- Multiple payout options
- Access up to $4 million in equity
- Fees can add up quickly
- Not available in New York and Nevada
American Advisors Group (AAG) Reviews
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Reviewed Feb. 5, 2023
The AAG loan officer whose name is Mike has been great. This other person they fixed on me is driving me insane. Somebody could have informed us that this is more trouble than taking a loan out from the bank. I still feel comfortable working with Mike. It's just I don't know where this other person came from and he wants to know everything about me from the day I was born and I said, "It was easier to take a loan out from the bank than it is to be doing this, so far."
Reviewed Feb. 4, 2023
The rep is very good. He doesn't hesitate to tell you what he needs and why he needs it. The thing that aggravates me is I paid my house payments on time, yet they want me to go back and show receipts for 24 months. I don't have them. I clean my stuff out every year. I'm going back and trying to see which ones I can find.
Reviewed Feb. 4, 2023
I liked the simplicity of the process. From day one, I knew what the fees would be in the neighborhood of. Just the standard appraisal fees. American Advisors Group gave me a list and I called all the numbers. And I found one that offered 50% off of the appraisal fees. So, they gave me all the information that I would have needed to make a decision without me even asking. It was laid out.
Yolanda has been keeping in contact with me via email and telephone calls. Any kind of clarification, she would reach out to the person that's dealing with the underwriters. So there's a liaison in between, but I have her information if I needed to call her. I just stick with her because I just figured she would get me what I need.
With the counseling, the guy was able to explain a lot of things. And he was upfront with everything. “With the reverse mortgage company, they may say this or they may do that and they need to tell you this.” I stopped him. I said, “You know that they've already told me this?” He went, “Wow! That's awesome. Because a lot of people don't tell you upfront how much something is gonna be." Without selling the house and having to move somewhere else, when I added it up, it still came out more economical to do the reverse mortgage.
Reviewed Feb. 3, 2023
American Advisors Group is reputable and I like Tom Selleck. I was surprised and relieved that it's not the same as it used to be. Brett answered all my questions, canceled all my fears. We're almost done. We signed the notary papers today. If you can, do it.
Reviewed Feb. 3, 2023
So far, my experience with AAG has been pretty good.
Reviewed Feb. 2, 2023
The process was very complicated because we're not used to refinancing. But the rep we worked with, Kay, was very patient. He knew exactly what he was talking about and he was very articulate. He tried very hard to explain to me what it meant to have a reverse mortgage. I was appreciative of that. He explained things over and over again because I kept asking the same questions. That was very good. If it had been somebody a little more abrupt, I would have gone to the next company.
Reviewed Feb. 2, 2023
AAG's reps were friendly. They answered my questions and seemed to get things done. It was good to find out some stuff about the reverse mortgage through the counseling that they gave and it gave you different options.
Reviewed Feb. 2, 2023
So far, my experience with AAG has been excellent. They've been so helpful and just moving the process along in a timely manner. The rep kept me informed of the process and explained all the interest rates to me in simplistic terms. He kept me posted on things that were happening or to be expected to come and papers to be signed.
Reviewed Feb. 2, 2023
The rep I worked with was nice. She called me yesterday. She said I need to get to her a copy of my driver's license, Social Security card, home insurance declaration, mortgage statement and bank statement. I told her I would.
Reviewed Feb. 2, 2023
I had a good experience with AAG. They were professional. They don't try to force you to do anything. They just give you everything and tell you how it is.
Reviewed Feb. 2, 2023
I've been having a good experience with American Advisors Group. The rep has been very courteous, informative, and professional.
Reviewed Feb. 2, 2023
The AAG agent I worked with was very good. He explained everything and he returned calls quickly. He was responsible. I would recommend them.
Reviewed Jan. 26, 2023
AAG wanted me to do all kinds of stuff and send them all kinds of papers, Social Security information, and the house information, and whether or not it had insurance. There was a good list, and I thought, "Well, maybe this is the right person." Frank, the rep, was just gonna sit there at the desk and do nothing while I do all the work. That makes him pretty darn smart, so I stayed with him. Overall, AAG treated me very decently as an adult. There's been a bit of humor in there. I'm very satisfied with the experience.
Reviewed Jan. 23, 2023
The rep, Jay, gets back to me really fast, and we're almost done with process. We just need an appraisal. Everything's been good, and I'd recommend American Advisors Group.
Reviewed Jan. 22, 2023
The communication with AAG has been good and I'm supposed to get the guy to come over today to do an inspection.
Reviewed Jan. 22, 2023
They were good. I liked everything they did. Their rep treated me like I was a person and listened to what I had to say. Every question I had, they answered and just pretty much the way I wanted to hear.
Reviewed Jan. 22, 2023
My experience with them went pretty well.
Reviewed Jan. 21, 2023
Suzy is my rep from AAG and she is very nice and lots of fun to talk to. But AAG is a greedy company. Give me the money first and then you get this. When I had to have a talk with a woman, she was explaining to me everything that I'm gonna be going through. She then said I was gonna have to pay for someone to come out and look over the house and make sure that it's what we say it is. I'm frustrated. I'm at the end of my rope here and they are gonna piss me off. They called me this morning telling me that I have to send them my husband's death certificate. But the house is not in his name and he's got nothing to do with it. The rep said, "Three papers and notary is gonna come."
Reviewed Jan. 21, 2023
I called the number and AAG got back with me right away. I told them what I wanted and they worked on it. I’m almost done with the program. AAG is very easy to work with.
Reviewed Jan. 21, 2023
The loan counselor went step-by-step with me and explained to me how the process works. I didn't know anything about it but he answered all my questions. He helped me understand what I was getting into and that it was unlike anything that I already had done before. He told me about another representative that will be carrying me because he can't do everything. I felt a little let down because he won't be firsthand carrying me on now.
Reviewed Jan. 21, 2023
The first thing we did was counseling and the lady that I dealt with was very helpful. The appraiser came last Wednesday, and the representative that I've been working with at AAG called me yesterday and said that they were still waiting on him to turn in the appraisal, and then we'd go from there. But so far, everything's been great.
Reviewed Jan. 20, 2023
American Advisors Group's rep was willing to go step by step and explain, taking in consideration that this was all new information for me. He encouraged me to ask questions, and to phone if I thought of anything else, and just kept in touch with me.
Reviewed Jan. 20, 2023
Anthony, the rep from AAG, was great and the turnaround time was good. It wasn’t very long.
Reviewed Jan. 20, 2023
The experience with AAG has been good and they are very nice people. The communication with the rep was immediate. He was efficient, knowledgeable, helpful, and there if I need him for any silly question.
Reviewed Jan. 20, 2023
The whole experience with AAG was fantastic. Our representative, Gina, was absolutely fantastic. The rate could have been a little bit lower, but it was pretty much what I would expect.
Reviewed Jan. 20, 2023
We're very happy with AAG's service and what's going on. Their rep, Jared, was extremely accommodating, very informative and very patient. Everything went very easily. I was very pleased with the follow-up and the professionalism.
Reviewed Jan. 7, 2023
AAG is a very reputable company. I had applied for a reverse mortgage and was almost ready to close it with another company when they suddenly ceased doing origination loans. They're just going to service loans. I had all of this stuff done and had to go back to the drawing table, which wound me up with AAG. However, the guy that I work with at AAG isn't very responsive. I asked him a couple days ago to call me but he hasn't. I left a message on his voicemail as to why I want to have the call but still haven't heard from him.
Reviewed Jan. 7, 2023
The rep I worked with at AAG was good. Some of the stuff, Rob had explained to me, but it made some other things clearer.
Reviewed Jan. 6, 2023
The reps were excellent. They explained everything well, which made me understand what was going to happen. We did the counseling online, and the lady was very nice. She explained everything very well too. We've received 30 phone calls from AAG the last month. It was for different things that we had to send in. Some of it, we didn't have and we had to get copies of. We got all that done finally, and the appraiser has been here. A date for the closing has been set.
Reviewed Jan. 6, 2023
Jason is awesome. He is smart. He is responsive. He kept us in the loop. There was no such thing as a stupid question. He was delightful and everything went so smoothly. I can't say enough about him. The application process with AAG was painless. They had a mobile notary come to my home for closing. I highly recommend AAG and particularly, Jason.
Reviewed Jan. 5, 2023
AAG has been wonderful and everything went very smoothly with them. It took a month to finish the process with them and that was because of the holidays. But I'm sure it wouldn't have taken that long if it hadn't been for the holidays. Also, our loan officer answered. Bless her heart, she went home for the holidays, and she said she still had her phone with her. So, if I had any questions, I just texted her and she answered. Other than that, the rate could have been lower but it was fine and if working with them is something that would help anyone, I would highly recommend them.
Reviewed Jan. 5, 2023
I checked a few online reviews and Better Business reviews, and American Advisors seemed like they were rated very favorably. The person that contacted me was very helpful in answering any of my questions that I had and went into details about what the process was and explained the whole thing to me satisfactorily, so it made sense to try to do it.
Reviewed Jan. 5, 2023
The communication from AAG has been good. The application process was pretty smooth and they would do everything through the computers.
Reviewed Jan. 5, 2023
My experience with them was okay. Customer service was as good as you could get. They worked with us in every way they could. They handled the process very well.
Reviewed Dec. 23, 2022
It was a very smooth process with AAG. They were spot on with questions and concerns because the reverse mortgage was a new product to me and my daughters. They were very helpful and clear on the process.
Reviewed Dec. 15, 2022
My experience with them went very well. The sales rep I have is kind of aggressive but he doesn't push it. Their reps are very knowledgeable.
Reviewed Dec. 14, 2022
I looked into different companies that offered reverse mortgages. I saw an article that listed AAG as the top one that offered them in the nation. I wanted someone trustworthy and reliable, and a few articles seemed to indicate that they were okay. Then, they made a complicated process very simple for me.
Reviewed Dec. 12, 2022
Try American Advisors Group and you might like it because of the benefit that it offers. They went over everything that might have benefited me in assuming a reverse mortgage and all the benefits of having a reverse mortgage. I'm well satisfied with the information that I've gotten. The money goes back into my pocket, when I look at it. So, it has its advantages.
Reviewed Dec. 11, 2022
My mom is 80 years old and I'm trying to renovate some stuff to make it easier for her to get around the house. The house needs a little work. I did a reverse mortgage with AAG and Wayne is my loan officer. The appraisal has been done. I talked to Wayne yesterday and he said that they just got the appraisal back and that he was waiting to review all this. The appraisal office told me they had some work that needed to be done. On the whole, communication has been good. But things are taking a long time. It's been about a month. Wayne told us that it would probably be finished and we'll have the check before Christmas.
Reviewed Dec. 10, 2022
I spoke with a rep and his speech was phenomenal over the telephone. I never had to say, "What or huh? Can you do that again?" He was the best person I've ever spoken to about things. He was loud, clear, and very understandable. I've got his cellphone number so I can text him. He always gets back to me within 24 hours. I'm just tickled to death with AAG.
American Advisors Group (AAG) Company Information
- Company Name:
- American Advisors Group
- Company Type:
- Private
- Year Founded:
- 2004
- Address:
- 3800 W. Chapman Avenue
- City:
- Orange
- State/Province:
- CA
- Postal Code:
- 92868
- Country:
- United States
- Website:
- www.financeofamerica.com
