Why does Tom Selleck endorse reverse mortgage?

A reverse mortgage, Selleck says, is a simple concept: You use your home to get tax-free cash — cash for paying off debts or covering costs like medical bills and home improvements. A reverse mortgage, he says in the spots, “helps people gain financial independence.”

Which reverse mortgage company does Tom Selleck advertise?

Below are commercials featuring Emmy and Golden Globe award-winning actor Tom Selleck. If playback doesn’t begin shortly, try restarting your device. COVID-19 • Get the latest information from the CDC about COVID-19.

Where is Tom Selleck AAG commercial filmed?

For one AAG reverse mortgage customer, this included getting a “red carpet treatment” to observe the production of the latest AAG commercial featuring spokesman Tom Selleck on its set in Thousand Oaks, Calif.

Is AAG a reputable reverse mortgage company?

Yes, AAG is a reputable company, with excellent ratings from customers on Trustpilot. To add to its credibility, the company is also a member of the National Reverse Mortgage Lenders Association (NRMLA). It’s important to note that AAG settled with the Consumer Financial Protection Bureau on Oct. 8, 2021.

What does Suze Orman say about reverse mortgages?

There is no one size fits all solution. A reverse mortgage will not be the right solution for everyone, however it should not be overlooked as part as the overall retirement plan.

Why are people disappointed with reverse mortgages?

The downside of a reverse mortgage can be that the closing costs can be higher than a traditional loan, the property must be your primary residence, the loan is not assumable and there may be less equity to leave to your heir as an inheritance.