De-Mystifying Reverse Mortgages with Doug Jensen w/ The Jensen Mortgage Group

Welcome back to Real Talk with Brian & Dan on 1150AM KKNW I’m Brian & I’m Dan. Our next guest is David Jensen with Premier Mortgage Resources.

  • WHAT IS A HECM LOAN - IS IT A Reverse Mortgage?
  • There are so many myths about a Reverse Mortgage - Could you answer some of the ones that I have heard?
  • CAN YOUR SPOUSE BE THROWN OUT OF THE HOUSE WHEN ONE OF YOU DIES?
  • ARE THE FEES AND ORIGINATION FEES PROHIBITIVELY HIGH? * DOES YOUR HOME HAVE TO BE FULLY PAID OFF BEFORE YOU CAN GET A HECM?
  •  IF THE HOMES GOES DOWN IN VALUE, WHO IS LEFT ON THE HOOK FOR THIS PROBLEM?
  •  DOES THE BANK OWN YOUR HOME WHEN YOU HAVE A REVERSE MORTGAGE?
  • WHAT HAPPENS AT THE END, WHEN I PASS AWAY?
  • THE REVERSE MORTGAGE SOUNDS TOO GOOD TO BE TRUE...I DON'T MAKE PAYMENTS AND I GUESS I DON'T PAY IT BACK...IS THAT RIGHT? Website: https://www.pmrloans.com/loan-officer/david-jensen/ Phone: 425-260-5080

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