American Advisors Group is now offering its proprietary jumbo reverse mortgage product, AAG Advantage, to its wholesale partners in California.
AAG first launched the AAG Advantage product in select states last September, though only on a retail basis. Now with the wholesale expansion, California brokers and loan officers will be able to originate jumbo reverse mortgages through AAG on properties valued at $6 million.
“We’re pleased to now offer the AAG Advantage to our wholesale partners in California, where many of their clients’ property values tend to be higher,” says Kimberly Smith, senior vice president of wholesale lending at AAG. “With AAG Advantage and our solid network of California wholesale partners, we can help extend reverse mortgages to a greater number of seniors, provide them access to more funds and help them age in place with increased security and peace of mind.”