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What the One Reverse Mortgage TV commercial - Government Insured is about.

Title: Government Insured: One Reverse Mortgage's Promising TV Spot

Introduction:In the ever-evolving landscape of financial services, One Reverse Mortgage has emerged as a trustworthy name that caters to the needs of senior homeowners seeking financial freedom. With their captivating TV spot aptly titled "Government Insured," the company emphasizes the reliability of their reverse mortgage offerings, providing viewers with an overview of their sought-after product.

Body:The One Reverse Mortgage TV spot, "Government Insured," immerses viewers in a world of financial possibilities, introducing them to a realm where their homeownership becomes a fruitful asset. The commercial strategically showcases One Reverse Mortgage's relationship with the government, highlighting the security and reassurance it provides to seniors.

The ad commences with a serene establishing shot, featuring a picturesque home bathed in warm sunlight. The soothing voiceover, accompanied by gentle background music, narrates the benefits of a government-insured reverse mortgage. The imagery effortlessly conveys a sense of comfort, stability, and security.

As the camera pans inside, the spotlight falls on elderly homeowners leading vibrant, fulfilling lives, free from the financial burdens that can often plague retirees. These individuals speak candidly about their positive experiences with One Reverse Mortgage, praising the company's commitment to their well-being and the peace of mind that comes with their government-insured product.

The seamless blend of customer testimonials, expert opinions, and concise explanations showcases the expertise of One Reverse Mortgage in simplifying the complexity of reverse mortgages. Prominent financial advisors and experts make appearances, further reinforcing the credibility of the product and the company's commitment to transparency.

Each segment showcases the limitless possibilities that unfold when seniors choose One Reverse Mortgage's services. The TV spot creatively illustrates how seniors use their newfound financial freedom to remodel their homes, travel to dream destinations, and invest in lifelong dreams that were previously out of reach.

The commercial radiates positivity, capturing the essence of newfound empowerment and security that One Reverse Mortgage aims to provide. It successfully positions the company as a reliable and esteemed player in the reverse mortgage industry, emphasizing their government-insured status as a key differentiator.

Conclusion:"One Reverse Mortgage: Government Insured" is more than just a television spot; it is a glimpse into a world of financial liberation for senior homeowners. Through captivating visuals, compelling customer testimonials, and expert opinions, the TV spot showcases the trustworthiness, transparency, and security provided by One Reverse Mortgage. By highlighting the government-insured aspect of their offerings, the ad solidifies One Reverse Mortgage's position as a go-to provider for seniors seeking financial peace of mind.

One Reverse Mortgage TV commercial - Government Insured produced for One Reverse Mortgage was first shown on television on August 11, 2018.

Frequently Asked Questions about one reverse mortgage tv spot, 'government insured'

A reverse mortgage is a home loan that you do not have to pay back for as long as you live in your home. It can be paid to you in one lump sum, as a regular monthly income, or at the times and in the amounts you want. The loan and interest are repaid only when you sell your home, permanently move away, or die.

The reverse mortgage principal limit is the maximum amount available to borrow. In 2023, the U.S. Department of Housing and Urban Development (HUD) caps the amount any borrower can receive through a home equity conversion mortgage (HECM) at $1,089,300.

A reverse mortgage is a loan for homeowners aged 62 and older who want to borrow against their home equity without having to make monthly payments. 1 This mortgage product can help seniors who are short on funds for living expenses.

Starting business as a division of the One Mortgage Network in 2001, One Reverse Mortgage became a part of Quicken Loans in early 2008 when that company purchased One Mortgage Network.

Most reverse mortgages today are called HECMs, insured by the Federal Housing Administration (FHA). It is called a “reverse” mortgage because, instead of making payments to the lender, the borrower receives money from the lender.

Like any loan, they have to be repaid eventually. But as long as borrowers meet their loan responsibilities - paying property taxes, homeowners insurance, and for home maintenance as usual - reverse mortgages don't have to be repaid until the borrowers permanently leave the home.

The realizable value of the property is calculated at 10% less than the Market Value assessed by Bank's Panel Engineer.  Maximum loan amount: Rs. 75 lakh.  Loan will be disbursed by Bank on regular monthly terms as annuity.

40-60% The money you can receive from a reverse mortgage generally ranges from 40-60% of your home's appraised value. The older you are, the more you can receive, as loan amounts are based primarily on your life expectancy and current interest rates.

Tax Benefits: Under Section 10(43) of the Income Tax Act, 1961, the RML pay-outs are not to be treated as income. Therefore, borrowers enjoy tax exemption on Reverse Mortgage Loans. Moreover, the RML amount spent for home renovations is eligible for tax deductions.

List of Banks That Offer Reverse Mortgage Scheme

National Housing Bank (NHB)Punjab National Bank (PNB)
Central Bank of IndiaIndian Bank
Andhra BankDewan Housing Finance Limited (DHFL)
State Bank of India (SBI)LlC Housing Finance
Corporation BankCanara Bank

In the budget of 2007–08, the finance minister of India introduced this concept of Reverse mortgage. The NHB (National Housing Bank), a subsidiary of Reserve Bank of India (RBI), had been assigned the responsibility of preparing the regulations for the same.

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Advertisers

Advertisers of the One Reverse Mortgage TV Spot, 'Government Insured'

One Reverse Mortgage TV commercial - Government Insured
One Reverse Mortgage

One Reverse Mortgage is a mortgage lending company that specializes in reverse mortgages. A reverse mortgage is a type of loan that allows homeowners to convert a portion of their home equity into cas...

Agenices

Agenices of the One Reverse Mortgage TV Spot, 'Government Insured'

One Reverse Mortgage TV commercial - Government Insured
Universal McCann (UM)

Universal McCann (UM) is a global media agency that provides marketing and advertising services to help clients future-proof their businesses. The company was founded in 1999 and has its headquarters...

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One Reverse Mortgage Lighted Magnifier
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