A reverse mortgage could be great way for you to pay off your existing mortgage. If you are approved for a reverse mortgage, you do not need to contact your existing mortgage lender, we will make all the arrangements with them. We will liaise with your existing lender to ensure your mortgage is paid off and all the paperwork is completed correctly. Depending on how much money you are approved to release from your home, you may have an amount left over after paying off your mortgage. You can choose to take this additional amount in a lump sum, in monthly installments, or as a line of credit.

To find out more about how a reverse mortgage can work for you, you can also order our free educational DVD, which features Former Senator Fred Thompson. You can place an order for your copy from the link on this website or the phone number provided.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.