AAG launches jumbo reverse mortgage product

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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 valued at up to $6 million-far greater than the [.]

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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 to borrow more than the limit allowed on FHA reverse mortgages. Eligible homeowners may borrow up to $6 million with the AAG jumbo reverse mortgage.

Hometown Lenders has announced its plans to roll out a home equity conversion mortgage (HECM) lending channel. The firm has implemented ReverseVision’s RV Exchange (RVX) loan origination system as well as its ReverseVision Sales Accelerator to support the launch of Hometown’s HECM and proprietary in-house reverse mortgage products.

AAG Introduces Proprietary Jumbo Reverse Mortgage Loan. 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 $679,650 (updated January 1, 2018) associated with a traditional Home Equity Conversion Mortgage (HECM) loan.

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Finance of America Reverse unveils proprietary reverse mortgage. “Since partnering with FAR, AAG's jumbo loan sales have increased.

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 · American Advisors Group (AAG), a leading provider of home equity solutions for retirement, today revealed the top 10 reasons seniors are.

American Advisors Group (AAG) today announced the launch of a jumbo reverse mortgage product. mortgage on properties valued at up to $6 million-far greater than the Federal Housing Administration’s.

EY Announces Reza Jahangiri of AAG Named Entrepreneur Of The Year® Award Winner in Orange County prnewswire.com Jul 2018 AAG Debuts New Senior Home Equity Solutions Brand, Vows to Help Seniors "Retire Better"

– In the life of the fixed rate reverse mortgage, the industry has seen the product go from. an ARM product to a majority fixed-rate product is the gap between where interest rates are today and the. What’s New for Reverse Mortgages in 2018 |. – According to AAG, the first reverse mortgage was issued in 1961 to a widow in Portland, Maine.

“In the reverse mortgage space, the biggest uptick we’re seeing is in the proprietary jumbo products for high-value homeowners,”Jahangiri said. “Since introducing the new proprietary loans this year,