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

A reverse mortgage is a type of home loan for seniors ages 62 and older. 1. Reverse mortgage loans allow homeowners to convert their home equity into cash income with no monthly mortgage payments. Reverse mortgages can be a great financial decision for some seniors but a poor financial decision for others.

These materials are not from HUD or FHA and were not approved by HUD or a government agency. *Finance of America Reverse LLC does not do business as American Advisors Group/AAG in Nevada and New York.

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.

AAG will continue to operate, but as a part of Finance of America, the companies said.

Frieda Brock and Tom Selleck on the AAG commercial set. Following a long career in the music business, Brock began working in the mortgage industry while also seeking to establish herself as a freelance blogger.

Like any loan, they have to be repaid eventually. But as long as borrowers meet their loan responsibilities - paying property taxes, homeowners insurance, and for home maintenance as usual - reverse mortgages don't have to be repaid until the borrowers permanently leave the home.

You can better manage expenses in retirement Many seniors experience a significant income reduction when they retire, and monthly mortgage payments can be their biggest expense. With a reverse mortgage, you can supplement a diminished income and continue to pay your bills.

The company has over 5,000 Trustpilot reviews that average 4.6 stars. American Advisors Group also has an A- rating on the Better Business Bureau and 4.65 stars across over 750 reviews.

American Advisors Group also has an A- rating on the Better Business Bureau and 4.65 stars across over 750 reviews.

Jumbo Reverse Mortgage Rates

AAG offers different home equity solutions - Home Equity Conversion Mortgages and proprietary reverse mortgages, that are designed to give seniors a better financial outcome in retirement.