BBB: Reverse mortgages need thorough scrutiny
Actor Tom Selleck plays Frank Reagan in the "Blue Bloods" television series. But he’s also known for touting reverse mortgages in commercials for American Advisors Group. (AP Photo/CBS Entertainment)
Randy Hutchinson
Randy Hutchinson is the President and CEO of the BBB of the Mid-South, serving 28 counties in Tennessee, Mississippi and Arkansas. He graduated from Western Maryland College and has an MBA from Wilmington College.
Opinion: Even Tom Selleck would agree it’s important to carefully consider all the pros and cons of a reverse mortgage.
Topics
reverse mortgage home loans mortgages debt American Advisors Group Home Equity Conversion Mortgages FHA Consumer Financial Protection Bureau Better Business Bureau Of The Mid-SouthRelated stories
Opinion: Scam calls and texts on the rise
RoboKiller predicts that scammers will design even smarter, more believable phone scams in the future. Spam calls could reach 70 billion and texts 90 billion by the end of 2021.
Opinion: Businesses should beware of predatory lenders
Some companies may have a short-term cash flow crunch that makes them vulnerable to deceptive lending practices.
A generation plans for largest transfer of wealth in modern history
Financial advisers say possible changes to the stepped-up basis on inherited property could impact wealth transfer more than other proposals being considered.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.