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Security 1 Lending Reverse Mortgages TV commercial - Life Changing
Security 1 Lending

Security 1 Lending is a financial company that specializes in reverse mortgages. It was founded in 2006, and since then, it has been providing excellent services to its clients. The company is headqua...

What the Security 1 Lending Reverse Mortgages TV commercial - Life Changing is about.

Security 1 Lending Reverse Mortgages TV commercial - Life Changing

Security 1 Lending's TV spot for their reverse mortgages is titled 'Life Changing' and focuses on the positive impact a reverse mortgage can have on seniors' lives. The spot features real-life testimonials from senior citizens who have used Security 1 Lending's services and are now living a more comfortable and worry-free life.

The commercial begins with a woman sharing her anxieties about retirement and the lack of funds available to support her. However, her worries are put to rest when she discovered Security 1 Lending. The next testimonial is from a couple who express their delight with the financial flexibility that their new reverse mortgage has given them.

The ad then shifts its focus to the specific features of Security 1 Lending's reverse mortgage, highlighting its low interest rates, flexible payment options, and the ability to stay in the home without making a mortgage payment.

The TV spot ends with an invitation to viewers to call Security 1 Lending's offices and learn more about how their reverse mortgage program can positively change their lives.

In short, Security 1 Lending's reverse mortgages TV spot is a powerful and heartwarming ad that showcases the transformative impact of their services on seniors' lives. Through real-life testimonials and a focus on the financial flexibility and security offered by their program, Security 1 Lending's commercial aims to inspire viewers to take control of their financial future with their reverse mortgage options.

Security 1 Lending Reverse Mortgages TV commercial - Life Changing produced for Security 1 Lending was first shown on television on May 11, 2015.

Frequently Asked Questions about security 1 lending reverse mortgages tv spot, 'life changing'

Tom Selleck If you watch TV at all, you have probably seen a commercial featuring Tom Selleck talking about reverse mortgages. No matter what he is saying, there is something about his voice and direct gaze that really does pull you in. In one spot, he is in a city loft.

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.

In a lawsuit filed late last week in the U.S. District Court of California's Central District, the CFPB alleged that Irvine, California-based American Advisors Group (AAG) sent borrowers deceptive and inflated home estimates in direct mailers to convince consumers to take out a reverse mortgage.

Specifically, the CFPB alleges that AAG: Deceptively inflated home values: In marketing their reverse mortgage products, AAG provided consumers with inflated estimates of home values to entice them to enter into negotiations to open a reverse mortgage.

Reverse mortgages can be expensive, compared to other types of loans. They can also put the borrower at risk of foreclosure and losing their home in certain cases. A spouse who qualifies may be able to remain in the home if their spouse dies or moves into a nursing home.

Reverse mortgages can be expensive, compared to other types of loans. They can also put the borrower at risk of foreclosure and losing their home in certain cases. A spouse who qualifies may be able to remain in the home if their spouse dies or moves into a nursing home.

Reverse Mortgage Loan Rates

Updated: April 12, 2023HECM Fixed RateHECM Adjustable Rate (Annual)
Current Rates6.18% - 6.99%6.34% - 7.09%
APR7.94% - 8.48%*N/A
IndexN/A4.34%
MarginN/A2.00 - 2.75

A big downside to reverse mortgages is the loss of home equity. Because you're not paying down your reverse mortgage balance, you'll make less profit when you sell, or limit your borrowing power if you need a new loan. You'll pay high upfront fees.

Suze Orman's opinion on reverse mortgages She has spoken out against these loans on numerous occasions, warning that they can be a risky financial decision for many older Americans. One of Suze's main concerns with reverse mortgages is that they can be incredibly expensive.

The September Housing Forecast from Fannie Mae puts the average 30-year fixed rate at 7% during the third quarter of 2023, ticking up slightly to 7.1% by year-end. The mortgage giant doesn't expect rates to dip below 6% until 2025. All told, Fannie Mae predicts mortgage rates will average 6.7% in 2023 and 6.5% in 2024.

HECM Reverse Mortgage Rates

Fixed RateAdjustable RateLending Limit
7.560% (8.996% APR)7.190% (1.750 Margin)$1,089,300
7.680% (9.136% APR)7.440% (2.000 Margin)$1,089,300
7.810% (9.288% APR)7.690% (2.250 Margin)$1,089,300
7.930% (9.427% APR)7.940% (2.500 Margin)$1,089,300

A big downside to reverse mortgages is the loss of home equity. Because you're not paying down your reverse mortgage balance, you'll make less profit when you sell, or limit your borrowing power if you need a new loan. You'll pay high upfront fees.

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