ORANGE, Calif.--(BUSINESS WIRE)--American Advisors Group (AAG) today announced its designation as an approved reverse mortgage lender for United Real Estate, an innovative and fast-growing real estate and franchise company. AAG will attend United’s annual convention next month in Austin, Texas.
As an approved lender, AAG will educate United agents on reverse mortgage loans to present senior clientele an additional financing solution for home purchase. The government-insured HECM for Purchase loan enables older Americans, age 62 and over to combine a reverse mortgage with the equity from the sale of a previous home (or from other savings and assets) to buy their next primary home in a single transaction. A key advantage of the HECM for Purchase loan is that the borrower isn’t required to make monthly mortgage payments. The loan does not become due and payable until the last surviving borrower or eligible non-borrowing spouse leaves the home, or fails to comply with loan terms - like paying property taxes, homeowner’s insurance and for home maintenance.
“We’re proud to work with United Real Estate’s agents to deepen their knowledge about this critical product specifically designed for their senior clients’ needs,” said Jesse Allen, Senior Vice President of AAG’s national field sales team. Allen continued, “AAG will provide United with our comprehensive product training and support resources, helping them personalize the senior purchase experience.”
United Real Estate achieved unprecedented growth last year, expanding its national network by over 1,200 agents and servicing over 10,000 clients. The company plans to add 36 new market centers and multiply its agent and transaction counts in 2017.
According to United Real Estate President, Peter Giese, “We look forward to introducing AAG to our agents at the United annual convention next month and to kicking off their reverse mortgage education.” He stated, “More than forty-three percent of our selling clients are baby boomers. It’s critical to our growth, and to our ability to serve this large segment, that we are able to share the available tools to assist them through their real estate decision-making process.”
About United Real Estate
United Real Estate – a division of the United Real Estate Group – was founded with the purpose of offering solutions to the challenges facing agents in the residential real estate brokerage industry. The company was named as a “frontrunner” in the real estate industry in 2013, “part of the next generation of real estate brokers” in 2014, as well as being listed in the “Power 200 Most Influential” in 2015, 2016 and 2017 by the Stefan Swanepoel Power 200 TRENDS Report. United Real Estate has more than 50 offices and over 2,700 agents.
About American Advisors Group
American Advisors Group (AAG) is the nation’s leader in reverse mortgage lending. We are dedicated to helping American seniors convert a portion of their home equity, a largely untapped asset, to help fund their retirement needs.
AAG has a 96 percent customer satisfaction rating and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). To learn more about American Advisors Group and reverse mortgage loans, please visit the company’s website at www.americanadvisorsgroup.com.