If Magnum PI is on board, why wouldn’t you get a Reverse Mortgage?
Just kidding, its a really great commercial from one of our investors. We write Reverse Mortgages and sometimes transfer them to AAG.
I think it was a wise choice to bring Tom Selleck on as the new spokesperson, replacing Senator Fred Thompson who recently passed away. Like Thompson, Selleck is a trusted TV figure whom many seniors have watched and listened to for decades.
The “it sounds too good to be true” line is something I hear all the time. It does seem too good to be true that you could:
Get money or eliminate a monthly mortgage payment
Its Tax Free
You never have to make a monthly mortgage payment
Your heirs will never be liable for its repayment
Its a simple math equation, and I run the numbers every day for people who don’t understand how it can do this. Rest assured, it does.
If you still don’t understand, that is normal. The FHA HECM loan is the most complex residential mortgage I have ever written in my 15+ years of originating residential home loans. Because of that, Fairway Independent Mortgage requires that any Mortgage Banker take additional training over 3 days to fully understand how to originate this loan to the best possible benefit of the client. Furthermore, Fairway Independent Mortgage puts a dedicated Reverse Mortgage Planner in each branch so the client has a local Mortgage Banker to help them. Its way to important and complex to trust to a phone room operation.
Still have questions? No worries, I am available to Idaho residents to answer any questions or run Reverse Mortgage calculations or scenarios for them. Contact me here. http://www.loansbyrogerhowell.com/