American Advisors Group (AAG) Reviews

A Division of Finance of America Reverse LLC

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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.

Pros
  • Free online loan calculator
  • Multiple payout options
  • Access up to $4 million in equity
Cons
  • Fees can add up quickly
  • Not available in New York and Nevada

American Advisors Group (AAG) Reviews

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    Page 2 Reviews 10 - 40
    Punctuality & SpeedStaff

    Reviewed Feb. 25, 2023

    Personable, professional interactions with prompt, accurate answers to questions made the whole experience pleasant. For us, dealing with a professed Christian eased any anxiety we had. Thank you for a great experience.

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    Billing

    Reviewed Feb. 22, 2023

    While the process took almost 60-days to complete from start-to-end, I was able to achieve my goal of eliminating my monthly mortgage P&I payments using an AAG Reverse Mortgage. Overall this was a very satisfactory result.

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    Verified purchase
    Customer ServicePunctuality & SpeedStaff

    Reviewed Feb. 20, 2023

    AAG was upfront and very thorough. I gave them some information, they checked it out, and things went like clockwork. The lady I talked with was Eileen. She seemed to be very knowledgeable of the product and the process. She's in California and I'm in North Carolina, but she got back to me very quickly. She was very helpful in helping me make sure I gave them the right information. They sent me some information thru email then put something in the mail that got to me quickly. They made sure I understood how the reverse mortgage was and if it was right for us.

    I had done a small refi on my house in April of last year. I took out $26,000. As we went towards the end, they had never asked me about if I refinanced it when they found it out. According to the guidelines, you have to wait at least a year. We're at the point where we're on hold. They've got all the information and I'm approved. We're scheduled to proceed and have a closing date of April 15th.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Feb. 19, 2023

    The first time that we used AAG for a reverse mortgage was also for my uncle on his other home. He did the market research himself and selected AAG and then asked me to start the paperwork process. The paperwork with AAG is much more extensive than any other mortgage. But there's a lot of information. I like that they use DocuSign because that helps the process go faster. Locating all the required documents took a long time. Nowadays, a lot of people don't get all these documents in the mail every month like we used to. You have to log into an account and access a bank statement or a mortgage statement. That was a challenge with my uncle because he was not on the computer due to his disability. Also, he wasn't getting things by paper in the mail.

    Tiegs has been our contact. The very first thing she did was explain the benefits. We had already done it once before, so we knew what we needed it for and the benefits of using it. So she didn't need to sell it to me, but she did. She gave me a good list to go by, which was great, because since it was in the email, I could share it with other people in my family that could help me. Then she explained very well a couple of things I had questions about.

    Any time I've called her, she called me back or if I emailed her, she emailed me back, but the time difference has been a little bit of a challenge. I'm in Florida and she is somewhere on the West Coast. There's a three-hour time difference. When I am at my computer where I can find the things that she needs or look at her list or any of the information, she's not even out of bed yet. Like yesterday, she called me in what would be her normal business hours, I was home eating dinner and didn't have any of my paperwork with me because I was keeping it in the office where my computer is.

    We're in our third week of trying to gather the documents. I submitted them and AAG ordered the appraisal immediately. Then the application had to be signed again. She sent it to me yesterday after I was already gone from the office. So, I'll be doing that this morning. But it came up with a signature that wasn't in the sequence that they needed it to be, so I'll have to re-sign everything. But the time that the process has taken isn't AAG's problem, it has been on our end. Overall, it's been a thorough and good experience.

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    Verified purchase
    Punctuality & SpeedStaff

    Reviewed Feb. 19, 2023

    The rep I work with at AAG is wonderful. He's got a good personality and he's really relaxed and not all business. I like him. We're waiting on closing and we can't do it until the end of March because my husband doesn't turn 62 until March 29th.

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    Verified purchase

    Reviewed Feb. 19, 2023

    The customer support so far has been really great.

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    Verified purchase
    Staff

    Reviewed Feb. 19, 2023

    Working with the agent was very good and I was impressed with the agent. He was very accommodating and he spoke very clearly. We're elderly and we need a lot of patience from people. He made sure we understood what he was telling us. AAG has been wonderful. They moved things along and it was amazing that the process has gone as smoothly as it has. We accomplished what we wanted and they met our goals. I'm very impressed with the company.

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    Verified purchase
    Refunds & PayoutsLoan Process

    Reviewed Feb. 19, 2023

    I'm doing the paperwork right now and it's really stressful. They shouldn't have that much paperwork. But I was impressed with the answer that they gave me and they explained everything to me. So far, everything has been all right. But they could change the part where you need to pay out something before you get the loan

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    Verified purchase
    Customer ServiceStaff

    Reviewed Feb. 19, 2023

    The reps are very professional, answered all my questions and very straightforward with me. They told me to call them anytime I have any issues and I have. So far, everything's been going good. The reps at AAG didn’t have to sell the reverse mortgage to me. I’ve made up my mind and they just helped me go through all the steps I needed. I had a couple of concerns, like what would happen if, somehow, I signed a piece of paper, that I don't own the house anymore. But they assured me that wouldn't happen. They email me and text me everything that's going on. I've talked to people that are my age and I don't know if they're considering AAG, but I was telling them that if they do, I could give them names and phone numbers. My neighbor did his 10 years ago and once in a while, we'll talk about it and he's satisfied with everything.

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    Verified purchase
    Customer ServicePriceStaffLoan Process

    Reviewed Feb. 19, 2023

    We're still working with AAG, and everything's going along as normal. They're still sending me forms and I'm filling out whatever I can. I have somebody coming in today to look over the house and see what it's worth. When I called AAG, the lady that started off the process told me that everything is going to plan and everything is working fine. I have to take her word for it because I've never did anything like this before. I have her number and she has told me that any time I got any kind of paperwork or any questions at all that I needed help with answering, I could call her and as soon as she can get back, she will help me with it. They have explained everything to me about how the loan works and how you go about paying it back. Right now, they've been as nice as they could be.

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    Verified purchase
    Customer ServicePunctuality & SpeedLoan ProcessRates

    Reviewed Feb. 19, 2023

    I called AAG and they explained to me how it worked. I had questions about what happens to the property if I'm gone and they said that the kids had a year to pay it off or sell it or get a new loan. That was what I was more interested in than anything as to what would happen to it if something was to happen to me tomorrow.

    There was only one thing that I had a little problem with. Before they appraised it, they told me how much I would be getting as opposed to what they thought the house would appraise for. It was enough, but she told me I would only get 27,000 of that, and then I'd have to wait a year for the rest of it. Also, Bonnie, the girl that I was working with went on vacation for a week and I had to deal with a supervisor, and that didn't work out too well. He didn't do exactly what he said he would. But other than that, it was no big deal. They were okay.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Feb. 18, 2023

    One guy called me and he gave me people who were going to call me about my reverse mortgage with AAG. I'm pretty comfortable working with my loan officer and right now, I'm still in the middle of the process. Their rep, Mike, is supposed to call me and the appraiser’s supposed to be out here on Monday. Also, there are too many signatures that I have to do.

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    Verified purchase
    Customer ServicePricePunctuality & SpeedStaffLoan Process

    Reviewed Feb. 13, 2023

    It's worth contacting American Advisors Group and discussing what your options would be, because they are very informative and they care about you. We had to go through counseling. It was an on-the-phone consultation. It lasted 45 minutes. And we have talked with the person that got ahold of us, Kyle, extensively. He explained exactly what it was and all the pros and the cons and what we would do should one of us pass or when both of us pass, what we're supposed to tell our heirs, made sure that we were comfortable with the whole process. I could send Kyle an email whenever, or a text message, and he would get back to me as soon as he could. It was within a half-hour. He even texted me back once and said, “I'm on a phone call. As soon as I'm finished, I'll call you.” It was 25 minutes, and he called me.

    The loan officer caught us on a Saturday and discussed everything with us and made sure that we understood what we were asking. He looked around, took some pictures, asked me a couple questions, and left. He was there less than 10 minutes. He has been in constant contact with me up until last week, just about every day. There was no need to be because we were waiting and you have to wait. I just have a problem with some of the documents. They weren't going through DocuSign correctly. I sent Kyle an email and he had the guy call me directly. And we went through it. He explained what he needed. And they work with us well. They made sure that we understood what we were doing. And if we had a problem, they work with us to get it fixed.

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    Verified purchase

    Reviewed Feb. 12, 2023

    I worked with Don and we hit it off when we were talking. He explained a lot of things and I enjoyed talking with him. I would recommend AAG.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Feb. 12, 2023

    We started out with another company that I was unhappy with. So I emailed three companies all at the same time and AAG responded immediately. I forwarded all the things we've done with the other company over to Brandy at AAG and she's been very helpful. Brandy made my wife feel very, very comfortable.

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    Verified purchase
    PriceStaffLoan ProcessRates

    Reviewed Feb. 12, 2023

    AAG's loan officer was great. Everything went smoothly and easily. As a matter of fact, my father was a banker in charge of consumer credit and getting a loan from AAG was a lot easier than getting a loan from him. The rate was a touch high, but the terms seemed to be pretty good. I’d tell a friend to look into AAG.

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    Verified purchase
    Punctuality & SpeedStaffLoan Process

    Reviewed Feb. 12, 2023

    American Advisors had the appraiser guy come here on Monday. So, we're waiting on the report. So far, so good. My loan officer, Jason, is super nice. If you're looking for a reverse mortgage, AAG is the company to go to.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Feb. 12, 2023

    I’m doing the reverse mortgage for a patient of mine and AAG has been responsive and very helpful. They've called us back and sent us pamphlets. They've worked good with us to address any concerns. The rep has been great and caring. She has explained to my patient how it works. We have called her several times during the day because my patient has questions and she has answered it or called us right back. My patient is scared that she’s gonna lose her home and the rep would tell her that she’s not gonna lose her home unless she dies or goes into a nursing home for a long period of time. So, I don’t have any complaints with AAG.

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    Verified purchase
    StaffLoan Process

    Reviewed Feb. 11, 2023

    In talking with rep Mike, I learned that I don’t want a LISA. It would be a disadvantage to have. I was able to communicate that with him and that had been straightened out. I had my home inspection yesterday. Things seem to be moving forward smoothly. However, Mike has not sent me the amortization tables yet. He sent me a sample based on his best guess as far as what my loan was gonna be. But, he's been very helpful, open and proactive. It's been a positive experience.

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    Verified purchase
    Staff

    Reviewed Feb. 11, 2023

    We've just begun the process with American Advisors and so far, I've been happy.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Feb. 10, 2023

    AAG was great. The reverse mortgage is for my brother. I help him with a lot of stuff because he doesn't understand. I've been on all the phone calls so that if he has any questions, I know I can help him with it. Ashley has been working with us and she has been really good and very helpful. She's answered all of our questions. AAG is supposed to be sending out a notary to meet with my brother to get some of the notarized credit applications and stuff signed. He's gone through the counseling part of it.

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    Verified purchase
    Customer ServicePunctuality & SpeedStaff

    Reviewed Feb. 10, 2023

    The rep had very good communication skills. She answered the questions before I could even think of what to ask. AAG has a quick process and they are very efficient.

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    Verified purchase
    StaffCommunication

    Reviewed Feb. 10, 2023

    AAG is a reputable company. I was dealing with a lady rep there and everything's been pretty good. We had the appraisal done, went through the debt counseling session and they've been able to keep me informed and let me know what's going on. They're not leaving me in the dark as to what's happening, and that's something that's really important to me.

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    Verified purchase
    Customer ServicePunctuality & Speed

    Reviewed Feb. 10, 2023

    I deal with Roxanne and I get a response usually within seconds when it's a question so I appreciate that. She walks me through things. I did the appraisal and the counseling. There were a couple of questionable things that I have to get paid off and I've got settlement offers from the two different companies so I sent all that over. All my paperwork is sitting out there and I’m just waiting for AAG to make sure the title's clear, which is redundant. I'm hoping that in the next couple of weeks that they'll tell me to come and pick up my money or ask where they can drop it off.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Feb. 10, 2023

    I had to take a counseling session over the phone and the agent I talked to explained everything. Craig, my loan officer was great. He wasn't pushy and he was very helpful. Working with them has been pretty good.

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    Verified purchase
    Staff

    Reviewed Feb. 7, 2023

    I worked with their rep Kyle and he was very friendly, jovial, and informative. I liked him. He was very nice and didn't push me. He's there for me anytime I want to talk to him. AAG has been great. I recommend anybody to work with them.

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    Verified purchase

    Reviewed Feb. 6, 2023

    The first guy I talked to was able to explain everything to me, and I got all the information and found out what I needed to do. I did it for my dad. I did as much from Phoenix as I could, then I went to see my dad so I could finish up there. The experience has been a roller coaster for the last couple of months. I kept feeling that I was getting different information all the time. I was trying to use a power of attorney and that was becoming a headache. AAG needed so much other stuff to go with it. I'd like to see them be able to use a power of attorney without having to get a doctor's okay. They wanted an additional power of attorney for just this, so there was a lot of stuff. If they didn't need a power of attorney, then the process would be smooth sailing.

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    Verified purchase
    Punctuality & SpeedStaffLoan Process

    Reviewed Feb. 5, 2023

    I spoke to the loan officer and I was satisfied with his knowledge and I was confident in doing business with him. The process is going okay. I'm just waiting to get a home appraisal done.

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    Verified purchase
    Customer ServicePriceRefunds & PayoutsStaff

    Reviewed Feb. 5, 2023

    The only asset I have is my house and I can't live without food. I bought the house and I had money left over. I had to put it all back into the house. We planned from the day we bought the house and we assumed we'd have to go with a reverse mortgage in order to pay for that. We wanted to do it first but then AAG wouldn't have given me a reverse mortgage in the condition the house was when I bought it. I put $200,000 in this house. Now, it's the newest house in the neighborhood. But it's the oldest one in the neighborhood because it was started in 1915.

    We did AAG because I am an extreme fan of Blue Bloods and I like Tom Selleck. I've been solicited by a lot of companies. I looked at what they had and AAG is the most expensive one. But they are the one that seems to be the most versatile and the one that seems to care the most. I used to be licensed to sell annuities and I refuse to do it because they're wrong. AAG's communication has been above and beyond. I have annoyed their rep but he never showed it. I called him many times and I would have shown it.

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    Verified purchase
    Staff

    Reviewed Feb. 5, 2023

    AAG's rep was very upfront with everything that we needed to do and he was very timely on getting back to us once we had sent him information. But we didn't end up finishing the process because my mother-in-law's health took a turn for the worse.

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    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.aag.com