Caterpillar | CAT Stock Price, Company Overview

  Caterpillar Inc. , also known simply as CAT , is an American construction, mining and other engineering equipment manufacturer. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average .   Caterpillar Inc. traces its origins to the 1925 merger of the Holt Manufacturing Company and the C. L. Best Tractor Company, creating a new entity, California-based Caterpillar Tractor Company. In 1986, the company reorganized itself as a Delaware corporation under the current name, Caterpillar Inc. It announced in January 2017 that over the course of that year, it would relocate its headquarters from Peoria, Illinois, to Deerfield, Illinois , scrapping plans from 2015 of building an $800 million new headquarters complex in downtown Peoria. Its headquarters are located in

AAG Reverse Mortgage Unlocking the Potential of Your Home

Are you a homeowner looking for a way to supplement your retirement income or fulfill some long-held dreams without the burden of monthly mortgage payments? If so, an AAG Reverse Mortgage might be the answer you've been seeking. In this article, we'll delve into the world of AAG Reverse Mortgages, exploring what they are, how they work, eligibility criteria, advantages, considerations, and much more.

Understanding AAG Reverse Mortgage

An AAG Reverse Mortgage, or American Advisors Group Reverse Mortgage, is a financial product designed to help seniors tap into the equity they've built up in their homes. Unlike traditional mortgages, you don't make monthly payments. Instead, the loan is repaid when you leave your home, whether by selling it, moving out, or passing away.

Eligibility Criteria

To qualify for an AAG Reverse Mortgage, you must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. You'll also need to meet certain financial requirements, ensuring you can cover property taxes and insurance.

Types of AAG Reverse Mortgages

There are three primary types of AAG Reverse Mortgages: Home Equity Conversion Mortgages (HECMs), proprietary reverse mortgages, and single-purpose reverse mortgages. Each type has its own features and eligibility criteria, so it's crucial to understand the differences.

How AAG Reverse Mortgages Work

AAG Reverse Mortgages allow you to convert a portion of your home equity into loan proceeds, which you can receive as a lump sum, line of credit, or monthly payments. The interest on the loan accrues over time and is repaid when the loan becomes due.

Advantages of AAG Reverse Mortgages

AAG Reverse Mortgages offer several advantages, such as providing tax-free cash, allowing you to stay in your home, and having no monthly mortgage payments. This financial flexibility can greatly improve your quality of life during retirement.

Considerations Before Opting for AAG Reverse Mortgage

Before getting an AAG Reverse Mortgage, it's essential to consider factors like interest rates, fees, and the impact on your heirs. We'll explore these aspects in detail to help you make an informed decision.

How to Apply for an AAG Reverse Mortgage

Applying for an AAG Reverse Mortgage is a straightforward process. We'll walk you through the steps and provide you with tips on how to make the application smooth and successful.

AAG Reverse Mortgage vs. Traditional Mortgages

Discover the differences between AAG Reverse Mortgages and traditional mortgages, and why the former may be a better option for seniors looking to enhance their financial security.

AAG Reverse Mortgage in Retirement Planning

Learn how an AAG Reverse Mortgage can fit into your retirement planning strategy, ensuring you can enjoy your golden years to the fullest.

The Impact on Heirs

What happens to your home and your heirs when you have an AAG Reverse Mortgage? We'll explain the implications and provide insights into managing this aspect effectively.

Frequently Asked Questions

Q1: Can I lose my home with an AAG Reverse Mortgage?

AAG Reverse Mortgages are designed to allow you to stay in your home, as long as you meet the requirements. You won't lose your home as long as you maintain it as your primary residence, pay property taxes, and insurance.

Q2: How much money can I receive with an AAG Reverse Mortgage?

The amount you can receive depends on factors like your age, the value of your home, and current interest rates. An AAG Reverse Mortgage calculator can provide you with an estimate.

Q3: Are AAG Reverse Mortgage proceeds taxable?

No, the proceeds from an AAG Reverse Mortgage are not taxable as they are considered a loan, not income.

Q4: Can I repay the AAG Reverse Mortgage early?

Yes, you can repay the loan at any time without incurring a prepayment penalty.

Q5: What happens to the loan when I pass away?

When you or your heirs decide to sell the home, the AAG Reverse Mortgage balance is repaid from the proceeds of the sale. Any remaining equity goes to you or your heirs.


An AAG Reverse Mortgage can be a valuable tool for seniors looking to enhance their financial security in retirement. It provides access to your home's equity without the burden of monthly mortgage payments, allowing you to enjoy your retirement years to the fullest. Before making a decision, consider all the factors, consult with a financial advisor, and ensure it aligns with your retirement goals.