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.

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.

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

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

Luckily, AAG is one of the most reputable reverse mortgage lenders in the industry. The company has over 5,000 Trustpilot reviews that average 4.6 stars.

Selleck Says: A Reverse Mortgage Turns Your Home Equity into Cash That You Pay Off When You Leave the House. This statement can be a little bit misleading. It is not incorrect, but not fully accurate either. Yes, the loan turns your home equity into cash.

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

“I am as proud of my sexual preference as those who happen to be gay are of theirs,” Selleck said in a statement. “There is not a man who has lived on the face of the Earth in my lifetime who can truthfully deny what is so obviously my choice; that is, that I am singularly heterosexual.”

On Dec. 6, 2022, FOA announced it would acquire the majority of AAG's assets, comprised largely of residential reverse mortgage loans and mortgage servicing rights, and certain liabilities, for approximately $48 million in FOA shares and $10 million in cash.

As a leading reverse mortgage lender in the nation, AAG has helped thousands of older adults achieve a better retirement.

Luckily, AAG is one of the most reputable reverse mortgage lenders in the industry. 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.

Borrowers may choose between a line of credit, monthly payments, a lump sum, or a combination of the three. Interest is only charged on funds that have been withdrawn. This means that, if you have a line of credit that you rarely use, you will only be charged interest on the amount withdrawn.