Use our guide to compare the best reverse mortgage lenders. Learn about the types of reverse mortgages.. (AAG) offers reverse mortgage loans that are backed by the fha.. jumbo reverse.
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Learn how HomeSafe reverse mortgage products, including standard and jumbo reverse mortgage loans, can help you pursue a retirement path that's right for.
AAG offers AAG Advantage – its jumbo reverse mortgage loan – which gives you features associated with most jumbo reverse mortgages. Features include no capital gains tax, no monthly mortgage payments and access to your loan proceeds in one lump sum.
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Jumbo reverse mortgages are a fixed-rate alternative to the FHA insured reverse mortgage programs. These often offer higher loan amounts, for homeowners whose home is valued at $500,000 or higher. If you have questions, contact Trinity Reverse Mortgage in California for more information.
Some of those demographics include seniors who fall into a more affluent category and qualify for a jumbo reverse mortgage product, while others are simply the numbers of seniors looking for ways they.
He continued, "The launch of AAG’s jumbo reverse mortgage loan further reinforces our commitment to helping American seniors age in place and gain greater financial freedom." About American Advisors Group. American Advisors Group (AAG) is the nation’s leader in reverse mortgage lending.
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With AAG’s jumbo reverse mortgage, you can access up to $4 million in equity. The amount you can receive will depend on three factors: your age, the interest rate and the value of your property. The loan is a fixed-rate loan and the proceeds will be dispersed in one lump sum at closing.
"Jumbo reverse mortgage loans present an opportunity for older Americans to achieve greater financial comfort and expand their wealth," said Paul Fiore, AAG’s chief retail sales & operations officer in the data’s accompanying press release.
AAG is one of the few lenders who offer jumbo reverse mortgages. Typically reverse mortgages are capped at FHA limits. Any equity in your home that exceeds the limits set by the government for your county is ineligible for be borrowed against. In my home county in Colorado, the FHA limit for a single family house is $636,150 in 2017.