Your comments are typical of people who do not understand this FHA program. It's a shame people are "afraid" of a government program designed to HELP the elderly. Shame on all of you.
THIS IS HORRIBLE! They cut off Suze just before she started to tell you all the risks of a Reverse Mortgage!!! What a bunch of crooks these guys must be. Don't call them!!
why would a banker want to do this now with the current real estate market? The bank thinks its going to make a profit in X # of years when the home appreicates and the loan has to be repaid?
Doomstay Scenario none of the lenders or HUD tell you about: If you go into bankruptcy because you cannot pay your credit card debts, FHA terms require the lender to call your loan. I don't know what happens then? Terrible possibilities here.
HOOLOHA - You sent email stating you think there is more to story about lender calling loan if borrower goes into bankruptcy. I guarantee you that if you contact HUD they will tell you that HUD REQUIRES the lender to call the loan. I have spoken to many, many different counselling services and with HUD officials, and this is what they tell me. It is in every Reverse Mortgage Contract. I wish to GOD you could prove otherwise, as I am worried sick about this.
So how is a reverse mortgage bad? It's not bad. This women will receive that check every month until she passes on or sells the home. No money will need to paid back until that time. Don't know why she is complaining now she's been receiving the money for 7 years. JEESH!!!
This commercial has been a great reverse mortgage marketing tool for me. Educucating older americans about reverse mortagages through commercials is a great to gain access to more reverse mortgage leads. Allowing our company to help more older americans to get the straight facts about the reverse mortgage program.
why would a banker want to do this now with the current real estate market? The bank thinks its going to make a profit in X # of years when the home appreicates and the loan has to be repaid?
Doomstay Scenario none of the lenders or HUD tell you about: If you go into bankruptcy because you cannot pay your credit card debts, FHA terms require the lender to call your loan. I don't know what happens then? Terrible possibilities here.
HOOLOHA - You sent email stating you think there is more to story about lender calling loan if borrower goes into bankruptcy. I guarantee you that if you contact HUD they will tell you that HUD REQUIRES the lender to call the loan. I have spoken to many, many different counselling services and with HUD officials, and this is what they tell me. It is in every Reverse Mortgage Contract. I wish to GOD you could prove otherwise, as I am worried sick about this.
This is aall true with one exception. You can be in the nursing home about 6 months before your loan is called. Yes about $14K in closing costs plus $30 month in services fees and $62 month for FHA Mortgage insurance on $151K loan. Expensive. But some golks don't have better options.
Can be a great product for the right person. Though that company sellin the 20 year anunitys are down right scandless. Their was some misinformation, the bank can't take your home if you run out of equity, it is federaly insured.
So how is a reverse mortgage bad? It's not bad. This women will receive that check every month until she passes on or sells the home. No money will need to paid back until that time. Don't know why she is complaining now she's been receiving the money for 7 years. JEESH!!!
Your comments are typical of people who do not understand this FHA program. It's a shame people are "afraid" of a government program designed to HELP the elderly. Shame on all of you.
fourquits 8 months ago
wow she was about to say how bad it is and it got cut off...
mishalo 9 months ago
SCAM.
acajudi100 10 months ago
THIS IS HORRIBLE! They cut off Suze just before she started to tell you all the risks of a Reverse Mortgage!!! What a bunch of crooks these guys must be. Don't call them!!
CaptainMacNasty 1 year ago 22
NICE!!!
chelylrlynx 3 years ago
This has been flagged as spam show
very touching story
catrlynx 3 years ago
this is great news, we have found a way to put america into more debt
cannons1chris1 3 years ago
why would a banker want to do this now with the current real estate market? The bank thinks its going to make a profit in X # of years when the home appreicates and the loan has to be repaid?
chuckrottger 3 years ago
help me i need one too
craigrlynx1 3 years ago
This video help me out with my parents, good information
cincyhaboushe1 3 years ago
Doomstay Scenario none of the lenders or HUD tell you about: If you go into bankruptcy because you cannot pay your credit card debts, FHA terms require the lender to call your loan. I don't know what happens then? Terrible possibilities here.
craigkenedy45 3 years ago
HOOLOHA - You sent email stating you think there is more to story about lender calling loan if borrower goes into bankruptcy. I guarantee you that if you contact HUD they will tell you that HUD REQUIRES the lender to call the loan. I have spoken to many, many different counselling services and with HUD officials, and this is what they tell me. It is in every Reverse Mortgage Contract. I wish to GOD you could prove otherwise, as I am worried sick about this.
cristianlapusan 3 years ago
Call steve at 866-935-5322
dandenee27 3 years ago
great info
danielzurcher33 3 years ago
So how is a reverse mortgage bad? It's not bad. This women will receive that check every month until she passes on or sells the home. No money will need to paid back until that time. Don't know why she is complaining now she's been receiving the money for 7 years. JEESH!!!
davehales567 3 years ago
NICE!!!
chelylrlynx 3 years ago
This is a great resource for reverse mortgage originators looking for tips on reverse mortgage marketing and reverse mortgage leads.
ccrlynx 3 years ago
very touching story
catrlynx 3 years ago
This commercial has been a great reverse mortgage marketing tool for me. Educucating older americans about reverse mortagages through commercials is a great to gain access to more reverse mortgage leads. Allowing our company to help more older americans to get the straight facts about the reverse mortgage program.
steverlynx 3 years ago
this is great news, we have found a way to put america into more debt
cannons1chris1 3 years ago
why would a banker want to do this now with the current real estate market? The bank thinks its going to make a profit in X # of years when the home appreicates and the loan has to be repaid?
chuckrottger 3 years ago
help me i need one too
craigrlynx1 3 years ago
This video help me out with my parents, good information
cincyhaboushe1 3 years ago
Doomstay Scenario none of the lenders or HUD tell you about: If you go into bankruptcy because you cannot pay your credit card debts, FHA terms require the lender to call your loan. I don't know what happens then? Terrible possibilities here.
craigkenedy45 3 years ago
HOOLOHA - You sent email stating you think there is more to story about lender calling loan if borrower goes into bankruptcy. I guarantee you that if you contact HUD they will tell you that HUD REQUIRES the lender to call the loan. I have spoken to many, many different counselling services and with HUD officials, and this is what they tell me. It is in every Reverse Mortgage Contract. I wish to GOD you could prove otherwise, as I am worried sick about this.
cristianlapusan 3 years ago
Next helped my parents they can be reached at 801-647-0040
craig2walford 3 years ago
Call steve at 866-935-5322
dandenee27 3 years ago
This is aall true with one exception. You can be in the nursing home about 6 months before your loan is called. Yes about $14K in closing costs plus $30 month in services fees and $62 month for FHA Mortgage insurance on $151K loan. Expensive. But some golks don't have better options.
dalemcintosh54 3 years ago
great info
danielzurcher33 3 years ago
Taking on Debt is financial
davebradshaw65 3 years ago
What's that?
davebromly88 3 years ago
Can be a great product for the right person. Though that company sellin the 20 year anunitys are down right scandless. Their was some misinformation, the bank can't take your home if you run out of equity, it is federaly insured.
danukkestad45 3 years ago
Dear GNB,br/Reverse Mortgage is a mortgage. The Lender is not offered to buy your home
savercase43 3 years ago
So how is a reverse mortgage bad? It's not bad. This women will receive that check every month until she passes on or sells the home. No money will need to paid back until that time. Don't know why she is complaining now she's been receiving the money for 7 years. JEESH!!!
davehales567 3 years ago