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AAG Reverse Mortgage TV commercial - Why Not Use It
American Advisors Group (AAG)

American Advisors Group (AAG) is a company that specializes in providing reverse mortgage loans and other home equity retirement solutions. With a focus on helping seniors build a more financially sec...

What the AAG Reverse Mortgage TV commercial - Why Not Use It is about.

AAG Reverse Mortgage TV commercial - Why Not Use It

Title: AAG Reverse Mortgage TV Spot: 'Why Not Use It' Featuring Tom Selleck

Introduction:In a thought-provoking and captivating TV spot, American Advisors Group (AAG) showcases their reverse mortgage offerings through a heartfelt and genuine portrayal by the charming and iconic actor, Tom Selleck. With his undeniable charisma and trustworthy reputation, Selleck invites viewers to consider the benefits and possibilities of AAG's reverse mortgage, urging them to explore a new chapter in their lives.

Scene 1: A Warm WelcomeThe TV spot opens with a picturesque shot of a beautiful suburban neighborhood. Tom Selleck, dressed in a stylish yet approachable manner, appears on the front porch of a lovely home, exuding warmth and familiarity. With a smile on his face, he gestures for viewers to join him in conversation.

Scene 2: Tom Selleck As Your GuideAs the scene transitions, Tom Selleck becomes the viewers' trusted guide, taking them on a journey of understanding the concept of reverse mortgages. He explains how homeowners, aged 62 and over, can access the equity in their homes, without the need to make monthly mortgage payments. Selleck impresses upon viewers that this financial tool allows them to tap into their home's equity as a reliable source of income, helping to enhance their retirement years.

Scene 3: Empowering Independence and Financial StabilityThe TV spot showcases individuals and couples, each with their unique stories, enjoying the freedom and security that a reverse mortgage from AAG has provided. Tom Selleck shares their genuine experiences, emphasizing how this innovative financial solution has helped them pay off medical bills, fund home renovations, and even finance dream vacations.

Scene 4: AAG and Tom Selleck – A Trustworthy PartnershipAAG's partnership with Tom Selleck, an emblem of integrity and trust, the epitome of American values, reinforces their commitment to providing reliable, personalized financial solutions. Selleck speaks about his personal experience and how AAG's reverse mortgage has enhanced his own financial capabilities, instilling further confidence in the viewers.

Scene 5: A Grateful EndingAs the TV spot nears its conclusion, Tom Selleck expresses his gratitude for being associated with a company that truly cares about the well-being of its customers. He encourages viewers to take this opportunity to explore the benefits of an AAG reverse mortgage and to embrace the idea of a financially secure future.

Closing:With a warm smile and a genuine tone, Tom Selleck encourages viewers to contact AAG for a personalized consultation, reminding them that their home deserves to work for them. The AAG Reverse Mortgage TV spot, 'Why Not Use It,' featuring Tom Selleck, successfully captivates audiences with its persuasive message, urging homeowners to consider the possibilities and freedom that a reverse mortgage can offer.

Disclaimer: This is a fictional description of a TV spot based on the information provided in the request. The actual content of the AAG Reverse Mortgage TV spot, featuring Tom Selleck, may vary.

AAG Reverse Mortgage TV commercial - Why Not Use It produced for American Advisors Group (AAG) was first shown on television on June 20, 2019.

Frequently Asked Questions about aag reverse mortgage tv spot, 'why not use it' featuring tom selleck

American Advisors Group Popular actor Tom Selleck has been named the spokesperson for reverse mortgage lender American Advisors Group.

On August 1, 2016, American Advisors Group (AAG), the leading reverse-mortgage lender, announced the premiere of its new television commercial campaign naming Selleck as the company's new national spokesperson following the death of Fred Thompson, their previous spokesperson.

A big downside to reverse mortgages is the loss of home equity. Because you're not paying down your reverse mortgage balance, you'll make less profit when you sell, or limit your borrowing power if you need a new loan. You'll pay high upfront fees.

homeowners A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older. This information only applies to Home Equity Conversion Mortgages (HECMs), which are the most common type of reverse mortgage loans.

Most reverse mortgages today are called HECMs, insured by the Federal Housing Administration (FHA). It is called a “reverse” mortgage because, instead of making payments to the lender, the borrower receives money from the lender.

Home Equity Conversion Mortgage Home Equity Conversion Mortgage (HECM) – The most popular type of reverse mortgage, these federally-insured mortgages usually have higher upfront costs, but the funds can be used for any purpose.

On June 1, 2016, American Advisors Group (AAG), announced Emmy and Golden Globe award-winning actor Tom Selleck as its national spokesperson.

Specifically, the CFPB alleges that AAG: Deceptively inflated home values: In marketing their reverse mortgage products, AAG provided consumers with inflated estimates of home values to entice them to enter into negotiations to open a reverse mortgage.

There are some restrictions on the lump sum payout that a borrower can receive under this loan scheme. The maximum lump sum payout offered is restricted to 50% of the total eligible loan amount up to a maximum of Rs. 15 lakh.

Pros and Cons of Reverse Mortgages They are a steady stream of income that lasts for years. You can convert the equity in your home into a pile of cash without having to move out. The money is tax free. Rather than income earned, a reverse mortgage is considered a loan so the IRS can't get its sticky fingers on it.

List of Banks That Offer Reverse Mortgage Scheme

National Housing Bank (NHB)Punjab National Bank (PNB)
Central Bank of IndiaIndian Bank
Andhra BankDewan Housing Finance Limited (DHFL)
State Bank of India (SBI)LlC Housing Finance
Corporation BankCanara Bank

In the budget of 2007–08, the finance minister of India introduced this concept of Reverse mortgage. The NHB (National Housing Bank), a subsidiary of Reserve Bank of India (RBI), had been assigned the responsibility of preparing the regulations for the same.

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Actors who starred in AAG Reverse Mortgage TV Spot, 'Why Not Use It' Featuring Tom Selleck

Tom Selleck photo
Tom Sizemore photo
Products

Products Advertised

American Advisors Group (AAG) Reverse Mortgage
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