No one seems to know what they're doing at American Advisors Group. I started the process to do a reverse mortgage. First, they required one whole page of paperwork including my accounts, social, bank accounts and so on. Then I had the appraisal done. I have gotten the same questions over and over and had to resend my driver's license, Medicare cards, and payoffs for home equity. On the average, I get one or two texts a day and a call or two every day. I wish they had people that would know in one call or text to tell me what they need, now I'm really skeptical about going through with this!
They told me I had a lien against my home for $6,500 (which was not true) and told me that my CPA could not see the same information that they could (which was a lie). A week later they said it was a mistake! Then I was told I had to raise my Homeowners Insurance by $50,000 and that is set up by the state, and my insurance company cannot do that. Somehow they texted me and said that they resolved it and that I do not have to do that. Really frustrated!
Bottom Line: No, I would not recommend this to a friend
