• American Advisors Group

American Advisors Group

Overview

American Advisors Group has a rating of 4.0 stars from 46 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with American Advisors Group most frequently mention reverse mortgage. American Advisors Group ranks 6th among Loans sites.

  • Service
    12
  • Value
    12
  • Quality
    11
How would you rate American Advisors Group?
Top Positive Review

“Tom Seleck was right!”

Alvin M.
4/12/22

We had been thinking about a reverse mortgage and reached out to a couple of companies when we contacted AAG and encountered a wonderful person named Aline Simon. She made everything crystal clear and help us navigate through the process with care, concern and speed! This was the best mortgage process we have ever been through and we would enthusiastically recommend that anyone contemplating a reverse mortgage to just start with AAG. No need to look anywhere else. They are AWESOME. Thank God we found them.

Top Critical Review

“Post closing problems….”

MANUEL D.
4/24/22

Took me over 30days, speaking to at least a dozen employees to get AAG to rectify not following disbursements in accordance with theHUD closing statement. Some people, including a department head, would not return my calls after I left "important messages. Most of the time the reps just had me call or transferred me to another person. I have compiled, in chronological order, my SAGA and would share same with any AAG Official!

Reviews (46)

Rating

Timeframe

Other

Thumbnail of user alvinm107
1 review
0 helpful votes
April 12th, 2022
Verified purchase

We had been thinking about a reverse mortgage and reached out to a couple of companies when we contacted AAG and encountered a wonderful person named Aline Simon. She made everything crystal clear and help us navigate through the process with care, concern and speed! This was the best mortgage process we have ever been through and we would enthusiastically recommend that anyone contemplating a reverse mortgage to just start with AAG. No need to look anywhere else. They are AWESOME. Thank God we found them.

Products used:
Reverse Mortgage

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for your positive review. We strive to provide the best experience for you and we’re happy to see that it was reflected.

Thumbnail of user manueld169
1 review
0 helpful votes
April 24th, 2022
Verified purchase

Took me over 30days, speaking to at least a dozen employees to get AAG to rectify not following disbursements in accordance with theHUD closing statement. Some people, including a department head, would not return my calls after I left "important messages. Most of the time the reps just had me call or transferred me to another person. I have compiled, in chronological order, my SAGA and would share same with any AAG Official!

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for the review. We apologize that you didn’t have a great experience; we’d love to take the opportunity to try to improve. If there is anything we can do, please give our CARES team a call at 866-219-7753.

Thumbnail of user dorisw191
1 review
0 helpful votes
November 3rd, 2021

My home was paid off completely, and I wanted to perk it up a little, plus have a cushion available for unforeseen expenses or some travel. I had seen AAG advertised, and finally gave them a call. The agent I spoke to, Thomas Norfleet, was very personable and caring. He made sure I understood the process and walked me through it to the end. Every email was answered quickly, and every call was taken or returned. I never felt "lost" in the shuffle of doing business. I am very happy with the results, and would recommend AAG to my fellow retirees and friends.

Products used:
Reverse mortgage

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Hi Doris, Thank you for your kind words! We are happy to hear we could make your retirement that much more enjoyable. :)

Thumbnail of user georgel1021
1 review
0 helpful votes
March 29th, 2022

The person that helped me was great. Had to get two appraisal for loan. That took a long time. Also they required a Lisa account for property taxes. I was able to apply to have property taxes waved from county because I am disabled. They still keep more than 20k in an account to pay taxes that will never be paid.
Very sad to have money tied up like that.

Tip for consumers:
Get a degree in realistate first

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for your review. We are constantly trying to enhance the quality of our service. Our team will be reviewing your feedback to further enhance internal processes.

Thumbnail of user judithc710
1 review
0 helpful votes
August 29th, 2022

I had a positive experience with AAG in obtaining a reverse mortgage. Every step of the process was made easy with the help of a professional and personable mortgage originator, loan processor and the closing agent. Because of their efficiency, my experience proved to be stress free and successful. After closing, I was left with assurance that my financial concerns during the twilight of my life will be met.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

We are happy to hear we could make your retirement that much more enjoyable. :)

Thumbnail of user patricias2981
2 reviews
4 helpful votes
January 21st, 2022

The loan officer was wonderful. It's the awful customer service after the reverse mortgage has gone through that I have a problem with. I called because I couldn't get into my account and the person I spoke with said so what do you want me to do about it. Had the same problem recently and 6 days after calling to report the problem I still can't get into my account. Shabby customer service. Their attitude is you're taking up their time with your silly problem. Shop around before you decide who you want to deal with.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Hi Patricia,
Thank you for the review. We apologize that you didn’t have a great experience; we’d love to take the opportunity to try to improve. If there is anything we can do, please give our CARES team a call at 866-219-7753. They are more then happy to help in any way they can.

Thumbnail of user steveb2518
1 review
1 helpful vote
July 19th, 2022

AAG was one of the worst experiences I have ever had. Following my mothers death, I inherited her home and the attendant problems with dealing with AAG. After following AAG's requirements to the letter, I incurred thousands of dollars in legal fees to get AAG to honor their own responsibility. The fact there was more than $250,000 in equity had nothing to do with their continual threats of foreclosure (Not!)
They were everything people fear in a reverse mortgage lender. I have a reverse mortgage with Longbridge Financial and have not experienced a similar lack of integrity. In my experience, this company, AAG, is one to avoid when securing an otherwise useful product. Search elsewhere.

Tip for consumers:
Avoid AAG, plenty of alternatives, this is one to pass on.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for the review. We apologize that you didn’t have a great experience; we’d love to take the opportunity to try to improve. If there is anything we can do, please give our CARES team a call at 866-219-7753.

Thumbnail of user johnw4678
1 review
0 helpful votes
November 3rd, 2021

I'm in my late 70's, and the value of my home has increased 58% over three years. A AAG Reverse Mortgage allows me, at this time when interest rates are low, to take advantage of that situation to have the non-taxable funds available to continue a good standard of living. Older individuals who own their home should investigate this source of emergency income.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for your positive review. We strive to provide the best experience for you and we’re happy to see that it was reflected.

Thumbnail of user judym1150
1 review
0 helpful votes
November 26th, 2021

My biggest question of consideration in talking to an agent about my Reverse Mortgage was is AAG going to own my home or am I still the owner of my home. The answer was a resounding you will remain to be owner of your own home as long as you observe the rules that you agree too. This is very easy to do. Pay your taxes, pay your HOA dues if you have any and keep your property in good condition. I was even told I could stay in my home for life. In my estimation Robin is the best agent I've ever used.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Hi Judy, Thank you so much for the review. We are so happy to hear that you had such a great experience!

Thumbnail of user jacquelinedw
1 review
0 helpful votes
February 21st, 2022

Great Job I'm Very Pleased, With Everybody Thank You So Much, I Couldn't Have Done it With Out You.

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thanks for your feedback. We are happy to hear that you had a great experience.

Thumbnail of user vonnieb5
1 review
0 helpful votes
April 1st, 2022
Verified purchase

It took several months to complete the reverse mortgage process, but you were very patient in explaining the entire thing. Every question I had was answered with great knowledge. The experience was a lot more pleasant than I thought it might be. Thank you so much!

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for being patient with us throughout the process. We’re glad to hear that things went well for you.

Thumbnail of user donb935
1 review
0 helpful votes
July 27th, 2022

When we decided to pursue a reverse mortgage to make our golden years less stressful and more enjoyable we reviewed several different companies before ultimately selecting AAG. We couldn't be happier with our decision and were blown away by the performance of Maureen Schultz throughout the entire engagement. Maureen explained all of our options, every step of the process in detail and, we never had to wait for a response from her on any of our communications. We highly recommend both AAG and Maureen Schultz to anyone considering a reverse mortgage.

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

We appreciate your feedback and are glad to hear that you had a great experience.

Thumbnail of user jeffryo3
1 review
0 helpful votes
December 28th, 2021

Wanted $25,000 and was told I qualified for $64,000. Was not told about interest on unpaid balance. I received $25,000 and the balance was supposed to earning 5% interest. It is actually a bit less than that. The statements are hard to understand.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Hi Jeffrey, Thank you for the review. We apologize that you didn’t have a great experience; we’d love to take the opportunity to try to improve. If there is anything we can do, please give our CARES team a call at 866-219-7753.

Thumbnail of user richardg2646
1 review
0 helpful votes
August 18th, 2022

Didn't know much about the whole process Rob help me through it all along with my sons help who is a CPA well done

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thanks for your feedback. We are happy to hear that you had a great experience.

Thumbnail of user albertd191
1 review
0 helpful votes
November 15th, 2021

I got my information from Tom Selleck. I believe that almost everyone has seen Tom on TV. This is the very best source to learn about AAG reverse mortgage.

Thumbnail of user denisep134
16 reviews
90 helpful votes
February 16th, 2021

No Customer Support
This has to be one of the sleaziest companies out there that continues to thrive. I should have backed out when they lowballed my appraisal by 70k ( I had 3 real estate agents in the week prior). But after you get your loan if there's a problem you will never talk to a living person again. The phone numbers have circuitous links that tell you to send papers to a fax number that no one responds to or a email address that is monitored by a bot. I have been trying to reach a living person since November of 2020. Don't be fooled, after they have your loan their object is to get you home. I fall under a tax relief program in my city, due to COVID and a computer glitch this year; thousands of us had to reapply. Of course I was approved. But even though AAG had my approval letter by fax and email since NOVEMBER, today they notified me that because they paid the tax my home will be theirs in 30 days unless I give them 100k. They don't answer the email address they give you nor do they answer the fax they suggest. I have never seen such bad customer service. It's ironic to me that they have someone who has time to answer reviews.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Denise, we apologize that you didn’t have a great experience. We encourage you to please give us a call at 866-948-0003 and ask for our CARES team or you may call our CARES direct line at 866-219-7753 so that we can help find a solution. One of our representatives will be on the line to work with you during this process.

Thumbnail of user ellieh73
1 review
0 helpful votes
November 2nd, 2021

Really care and will stop at nothing to get you the help you need...
They truly are about helping people of all walks of life...

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Hi Ellie, Thank you for the positive feedback. We're so happy to hear you had a great experience!

Thumbnail of user markd2608
1 review
0 helpful votes
April 1st, 2022
Verified purchase

Our Agent, Steve Saltz, was absolutely amazing, communicated well, and really worked for us.

BUT - the underwriting, the processing, the length of time, the conditions, the whole process took FAR too long, the fees kept going up and up, and it seemed like management and underwriting did everything they could to jack up the prices, extend closing for more fees, and it was frustrating and disgusting what AAG does to its potential clients. They are lucky to have Steve to communicate and work on our behalf. My loan took 4 months, but my friend who started at the same time took NINE MONTHS AND $30,000 MORE IN FEES DUE TO PROCESSING DROPPING THE BALL.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for the review. We apologize that you didn’t have a great experience; we’d love to take the opportunity to try to improve. If there is anything we can do, please give our CARES team a call at 866-219-7753.

Thumbnail of user robertm5997
1 review
0 helpful votes
March 22nd, 2022
Verified purchase

The reverse mortgage has been a good experience with AAG, and a game changer in our retirement financial picture.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

We are happy to hear we could make your retirement that much more enjoyable. Thank you for taking the time to leave us a review!

Thumbnail of user russello91
1 review
0 helpful votes
April 4th, 2022
Verified purchase

Your entire team, was positive, please review my review from the time I conducted another such survey... Greg and his complementary associates, and leadership team were all outstanding! Cheers, Russ and Vicki Otter

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for your positive review. We strive to provide the best experience for you and we’re happy to see that it was reflected!

Thumbnail of user jamesh4536
1 review
0 helpful votes
December 4th, 2021

Corey was the best in every area of the loan process. Very friendly, helpful, courteous, kind, and a pleasure to do business with. I will highly recommend to friends and family! I am 150% satisfied with is help and service!

Service
Value
Quality
Thumbnail of user bettyg766
1 review
0 helpful votes
April 11th, 2022

AAG is the place to go for your financial needs. They will treat you better than family. We finally have a chance to breathe and just enjoy a life of retirement thanks to the wonderful family of AAG. Joshua Rudder and the rest of the team will give you that chance to just breathe.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

We are so happy to hear that you had such a great experience! This is what we are always striving to hear. Thank you for taking the time to share.

Thumbnail of user davids8669
1 review
0 helpful votes
August 9th, 2022

AAG helped me process my loan to closing during a very difficult period time in my life with many bumps and hills. All of the people were kind especially Donna and Meagan. I would recommend AAG to anyone for a dependable and reliable experience.

Service
Value
Quality
Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Experiences like this are what drive us to do what we do every day. Thank you for sharing.

Thumbnail of user stepheno681
1 review
0 helpful votes
September 16th, 2022

I am 67 years old, I live alone. Since my fixed social security is my only source of income, I needed some help with bills. My prescription medications alone cost me over $15,000/year. I was always curious about reverse mortgages. I had heard pros & cons. I decided to check them out. After reviewing the top listed companies, I decided upon AAG. Once I got started I felt a bit overwhelmed with all the paperwork required. But I was lucky to have Mr. Cristoano Salgueiro as my loan advisor. Cristoano made the process stress free. He explained everything in simple detail, was very patient with quick response time. A True Professional in every sense. I am happy to write this review. I would, and have already referred AAG to family, friends, and real estate agents. I am VERY SATISFIED.

Tip for consumers:
Very professional company

Products used:
reverse mortgage

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for your positive review! We strive to provide the best experience for you and we’re happy to see that it was reflected.

Thumbnail of user jeannel439
1 review
0 helpful votes
March 19th, 2022
Verified purchase

In the beginning it was touch and go because the agent was incompetent but with AAG'S help with a NEW agent who knew her stuff and was very aggressive in getting me the best service ever it was a breeze! I am completely satisfied and couldn't be HAPPIER! I am now in the middle of upgrading my condo after 20 yrs of which I could not do before because I didn't have the funds.

Thumbnail of user tracys60
Kelly S. – American Advisors Group Rep

Thank you for being patient with us throughout the process. We’re glad to hear that things went well for you.

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Thumbnail of user tracys60
Kelly S.

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