Michael Gaddis, J.D., the CEO & Broker of Frontier Loan Group, Inc. (“FLG”), recently appeared on “The American Dream” hosted by Craig Sewing to discuss all things related to Home Equity Conversion Mortgages (“HECM”) aka reverse mortgages. Michael Gaddis, J.D., also a licensed California attorney and a weekly radio show host on KCBQ AM 1170 The Answer, began the discussion by pointing out the negative connotation that “Reverse Mortgage” has versus the more positive connotation of “Home Equity Conversion Mortgage.” Michael Gaddis, J.D. tells the story of a lady who approached him at a senior event and immediately began expressing her disdain for reverse mortgages. After telling Michael Gaddis, J.D. all the reason why she did not like reverse mortgages she proceeded to tell Michael Gaddis, J.D. how she was very interested in the HECM program for seniors. Of course HECMs and Reverse Mortgages are different names for the same product. Michael Gaddis, J.D. seniors need to become educated about the HECM program before judging it. Michael Gaddis, J.D. and Craig Sewing then discussed the top Benefits of HECMs, Considerations of HECMs, HECM for purchase, misleading HECM advertisement and much more. A lot of information was packed into this 5 minute segment.
The bottom line is that millions of Americans believe the negative things that they hear and read about the HECM program without taking the time to educate themselves about how the program really works. For the right person, a HECM can literally change their life.
Watch the interview and listen to Michael Gaddis, J.D. for yourself. For more information about Michael Gaddis, J.D. or Frontier Loan Group, Inc. please visit www.FrontierLoanGroup.com or https://www.facebook.com/FrontierLoanGroupInc/.
Frontier Loan Group, Inc. CA BRE#01449152 NMLS#345305
Michael Gaddis, J.D. CA BRE#01433800 NMLS#280011