American Advisors Group (AAG) is fighting back against the misconceptions of reverse mortgages with a little help from its spokesperson, Tom Selleck. In the latest AAG ad, Selleck is standing behind the product and maintains it is a not a threat to older Americans.
"This isn’t my first rodeo," Selleck says as the ad begins, according to Reverse Mortgage Daily.
"And let me tell you something: I wouldn’t be here if I thought reverse mortgages took advantage of any American senior. Or worse, that it was some way to take your home. It’s just a loan designed for older homeowners, and it’s helped over a million Americans."
Reverse mortgages have come under attack in recent months with much of the recent criticism surrounding the product coming from USA Today, which published an article highlighting reverse mortgage foreclosures.
"A reverse mortgage loan isn’t some kind of trick to take your home," says Selleck in the ad.
"It’s a loan like any other. The big difference is how you pay it back."
To learn more about AAG's most recent ad combating claims against the reverse mortgage industry, click on the image above. You can check out the ad below.