No, you are not giving up your house to anyone. By participating in this program, you keep the deed to your house and continue being full owner of the property. Both AAG and the bank will never own your property, even when the loan becomes due. When that happens, it is your choice whether to sell the house, re-finance the house, get another mortgage, or to pay off the loan in a different way.

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.