You're right that AAG currently offers reverse mortgages with both fixed and variable interest rates. The fixed rate option is only available if you choose a lump sum payment, which means you take the whole amount of money you are approved for in one go. This payment option will suit you in you have a mortgage balance to pay off, a large item you wish to purchase, or home improvements you want to make. I suggest you call AAG to discuss your individual financial circumstances, as your assigned reverse mortgage professional will help you find the best payment type to suit your needs. If you would like to receive our helpful DVD, which we will send to you for free, click on the link or call us on the number provided. The DVD features Former Senator Fred Thompson, and we will send it to you along with a brochure about how a reverse mortgage could help your circumstances.

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.