AAG does offer FHA insured reverse mortgages, also known as a HECM (Home Equity Conversion Mortgage). This loan program allows senior homeowners to turn some of the equity in their homes into cash, to eliminate mortgage payments, or a combination of both. FHA reverse mortgages have three main eligibility requirements - homeowners must be 62 years or older, use the property as their main residence, and they must own the home outright or have a mortgage balance that can be paid off. There are some major benefits of a federally insured reverse mortgage - as well as regulating federally approved reverse mortgage lenders, FHA insurance will protect you from owing more than your home is worth is it was to sell for less than your loan amount, and it will also step in to protect you if the lender was to go bust. Please do make a call to us, so we can help you along the road to financial independence.

If you are looking for more information about the HECM reverse mortgage loan program, please feel free to request a free educational DVD, presented by Former Senator Fred Thompson. It will give you valuable information, so you can make an educated decision about this program.

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.