American Advisors Group (AAG) has announced its designation as an approved reverse mortgage lender for United Real Estate. As an approved lender, AAG will educate United agents on reverse mortgage loans to present senior clientele an additional financing solution for home purchase.   “We’re proud... Keep Reading....
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ReverseVision has announced it has brought experienced mortgage professional and technology sales strategist Matthew Shaffer on board as business development manager. Shaffer joins ReverseVision from Ariba Inc., where his role included connecting Fortune 500 businesses with technology-enabled... more
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American Advisors Group (AAG) has announced the launch its new jumbo reverse mortgage loan program, called the AAG Advantage. 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 $625,500 associated with a... more
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The Mortgage Professor, an online resource run by Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania, is now offering homeowners over the age of 62 a new product called the Kosher HECM Reverse Mortgage. No, this is not a reverse mortgage that is... more
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One of the nation’s most influential consumer advocacy organizations used uncommonly strong language to caution seniors about pursuing reverse mortgages. In an article bearing the provocative headline, “Don't Be Suckered Into Buying a Reverse Mortgage,” Consumer Reports claimed that this product “... more