Hi, I'm Tom Selleck. Give me your fricking house.
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Hi, I'm Tom Selleck. Give me your fricking house.
Hi, I'm Tom Selleck. Give me your fricking house.
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>It's a reverse mortgage.
>What is a reverse mortgage you ask?
>Well imagine the American Dream of owning your own house
>Now imagine the exact opposite of that
Fricking hell.
I keked then I raged when I thought about how common his has become.
It’s for old people to have a home and monthly money out of their equity while they wait to die. It’s not recommended for anyone else.
That's why it's considered a scam, because their profits are coming from the groups of "anyone else".
Granted you have to be an ignorant mongoloid to buy into it, but both sides of a shitty deal can be wrong.
No one considers it a scam unless you think you deserve that person money. You don’t understand this.
Reverse mortgages pay out the equity you have in the home. You can refi out of it but the intended loan is that the bank gets the house when you move or die and you get monthly payments from the equity in the home to live and not worry about shit. It’s not for everybody. Just because you personally don’t benefit doesn’t mean it’s a bad product.
Im pretty sure there are some pretty fricked up clauses that go with it though. Like if the property drops in value for any reason they can just seize the property.
So it's a future for incels
Or people who aren’t leaving a penny to their kids. And also you have to have the home at least mostly paid for so a lot of people won’t have the opportunity.
HELOCS probably won’t be a thing in a few years either. Even Wells Fargo is ending their program.
>Or people who aren’t leaving a penny to their kids
If you're an American zoomer unless your parents are loaded I wouldn't expect to get any money at all. It also depends on how many living relatives you have.
>HELOCS
?
The gun at the end is always the cherry.
Like when she sorting cleans you off with her mouth after you have finished
home equity line of credit
yes
lol, basically. It's for that "greatest generation" to finish completely obliterating their multi-generational wealth, just to frick over their grand kids, because they turned out gay, or didn't call them on their birthday, or just plain lazy, and "don't want to work anymore"
You homosexuals don't own homes.
I'm a 35 year old incel (haven't had sex in almost a decade). I've got my one-bedroom apartment almost paid off and I've got at least 30 more years of mortgage-free wageslaving ahead of me. I suppose I could get a bigger nicer home in the future.
You should gain interest on a loan of your capitol, not pay it.
Reverse mortgages are a scam
The bank gets a house that has appreciated in value. You get to spend money you already paid in to the home. It’s a win for people who don’t/can’t work anymore.
Stop trying to defend your shitty job. The fees on me selling my house to you are sky high
Yeah it’s like 5k average in closing costs plus however much you’re buying down the rate. Sucks but hopefully it’s nothing compared to how much equity you pulled out. Big home project?
>hey, you have this stack of cash You live in.
>how about you sign over the rights to that sack of cash to me and I gave you a small percentage of the cash back Every month. It’s just like free money!
>of course for this service I need to charge you interest, and fees, which increase the amount of your stack of cash that I own.
You don’t have 600,000 dollars. Your home is worth 600,000 dollars. You leverage the equity of the house you own against the banks interest in owning your home. They give you 600,000 dollars and when you die or decide to move, you refinance the home and sell or don’t care because you’re dead. It’s optional and know one is forcing you to do anything so don’t get so upset about optional products.
>They give you 600,000 dollars
More like they give you $300,000 doll3rs and when you die you givえ them $600,000
>no, we're not trying to take your home
>die
>takes home
I’m fricking crying.
And the added bonus is that when the mortgage and anti-mortgage annihilate, it creates an assload of energy.
>with a reverse mortgage
>you get nothing
This isn't some kind of trick to take your home.
>... it's a trick to take your home.
https://web.archive.org/web/20210921004017/https://www.youtube.com/watch?v=se4F65YONiQ
>big difference is, I get your home.
>Make your retirement my retirement
the fact that the company got triggered by a YTP and got it removed is kino
it got deleted because it wasn't funny and one troony kept spamming it just like xhes doing itt
Hi Tom, how are you tonight?
still one of the funniest videos i've ever seen
holy frick remember these? they literally had voice over at the end where he says they can't legally offer the program in New York because the state limits how high the interest rates can be
All I know is that if I ever meet DINO-MIIIIIIITE on the street, I’m slapping the shit out of him.
you aren't doing anything but sucking your thumb pussy
Hi Jimmy.
It's a guarantee
he doesn't look like satan at all!
My boomer parents fall for dumb shit like this all the time, they sold their life insurance payout for a lump sum and basically laughed in my face when I pointed out how selfish and terrible it was to do something like that
My dumb ass boomer grandmother fell for an insurance scam, a super basic one too. Honestly she didn't even fall for it she just felt like giving away her money as a sort of cry for help cus shes lonely. It was pathetic and just reaffirms my belief boomers/silent gen were the most spoiled entitled generations and should all die horribly
Story
There's not much too it. She started seriously answering those bullshit calls and a few people started collecting checks from her. We got them to stop and for her to stop, but it wasn't like a serious problem for her she just did it cus she was bored and lonely. Wanted to talk with people even scammers pretending to invest her money for her, saying she won a contest.
tl;dr I fricking hate boomers and silent gen homosexuals. Burn in hell.
Maybe you should hang out with her more?
No, she and her son ruined mine and my families life because of their seflifness. And I've done more than any decent person would.
Yes, because she comes from a worthless and spoiled generation that opened the floodgates to everything wrong happening now. And instead of trying to combat the degeneracy she shuts her eyes and ears and pretends everything is fine. Pretends people call to give her free money. She and her baby boomer son can go to the lowest depths of hell. For betrayers. Betrayers to family and nation for temporary gain. I'll spit on their graves happily.
Nah. The eternal boomer deserves all the shit they get.
Your grandmother cried for help and that makes you hate her? You're the epitome of what old people hate about young people.
From the bottom of my heart, frick you, you worthless fricking sponge.
I'm glad you're getting nothing. It's what you deserve and your grandmother knew it
>I'm glad you're getting nothing.
I'm actually getting everything, dipshit. My old man can't croak soon enough. People like you who automatically feel sorry for old people are the stupidest fricks around.
Sound of me she was just lonely and you were a shitty grandkid.
Selfish, spoiled, entitled.
>Sound of me she was just lonely and you were a shitty grandkid.
No, this is after decades of spending time with her and receiving nothing. She could care less about my future, she is only concerned with herself, just like she raised her son, my dad. Both of them are weak willed spoiled brats. Go ahead and make assumptions based off stereotypes though you fricking idiot. As if these frick tards are entitled to my time and affection after treating me and my family like shit.
Nice blog post, fricking homosexual
My father is stupid and weak and he will give away his land.
>boomers blame their loneliness on younger people who have more pressing obligations
Found the boomer
What makes you entitled to anything your parents earned? Your average Sanders voter's mentality.
my parents only bought a house in the 90s because one of their parents gave them 1/3 of the price for a down payment
they then bought an even bigger house from their inheritance
if you're going to accept money from your parents, then you should return the favor to your kids, otherwise don't have them
jews love people like you
Another problem I have noticed on top of that is that they really don't know the value of a dollar anymore. I recently was told by my grandfather that I could easily get a part time side job and make at least 10 grand in about 10 weeks. They just don't understand how things work anymore.
The problem is that wages completely stagnated due to Reagan. So if wages had kept pace like they did in the 60s and 70s then the average person would be making $80k to $120k.
homosexual Reagan hasn't been in office for thirty four fricking years. Jesus Christ your moronic. There's a lot of reasons things are the way they are.
Actully the reason was the 1965 immigrantion act,
I love this. Demand money from your parents. People call you out on being entitled and selfish. Then you make a weak fumble to blame the israelites
Fricking weak bro. Sounds like your parents knew better than to give you anything. Better off throwing all their in the garbage
inheritance cuck.
Buck broken by the “your own bootstraps” meme
There is a reason in real countries it is illegal to comepletey disinherit your children
>There is a reason in real countries it is illegal to comepletey disinherit your children
It's technically legal in my country but a child contesting the will is very easy and the person will need to go through a lot of hoops and planning to disinherit a child in their will. You honestly need to be a real bastard, or your child and absolute c**t, to dedicate enough planning to it.
why did their parents help them then?
This. Most boomers inherited vast amounts of wealth from their parents who lived through world wars and the depression and basically saved every penny they ever earned. I know I basically grew up poor and then when my grandparents all passed away my parents started making a lot of expensive purchases with inheritance and acting like it was all a product of their hard work. Most will then burn through generations of wealth and then leave their kids with nothing.
stop pretending to be a true conservative. Family is always first.
t. hebe Black person israelite
So you got mad your parents are giving you their money? Frick off and earn your own spot in the world you selfish homosexual. You don’t deserve anything your parents have.
Generational wealth is a real thing, moron. You work your whole life, you accumulate wealth, you help your children and when you die you pass on what's left. They do the same to their children and in this way each generation gets better and better.
But yeah, kick out your children at 18 and let them start from scratch.
You sound like you feel pretty entitled for what other people worked for. If I were your parents I wouldn't give you a red cent either.
>direct family
>other people
For the love of God, don't have children.
>Generational wealth
It can start with you, cool guy.
do homies really.
brown people do this all the time.
it's the reason why there taking over.
white people just spend all their money on garbage and wonder why their kids fricking hate them.
its not like there just spending all the money they make off investments on crap either.
they're liquating their equity as well, purely out of greed and financial illiteracy.
If you aren’t a child anymore and your parents have funded their retirement then they don’t need life insurance
>Get a reverse mortgage
>Get another reverse mortgage, reversing the first one
Heh. Nothing personal.
heh
your house is where I want to live
Alot of senior citizens over 40 are dumb asses... this is good... for me
What about the senior citizens below 40?
Why don’t you grab a frozen turkey and take a reverse shit with it, you thieving frick?
Did it take you long to come up with that? If so, maybe being clever isn't your thing. Have you tried hats? Wanna be hat guy?
I’m already the hat guy. I’m also behind you.
I enjoyed it and filed it in my brain to use whenever someone offers me a reverse- something.
>He got so mad he took the video down
Made me lol
QRD?
the YTP of the ad
it gets taken down automatically every time someone posts it
the archive link is
Beautiful.
>Hand over the keys.
>I need the crib for rodeo.
I'm putting together a team
"Yes the moneys expensive"
What’s the interest on this shit? Also pic related.
kek
the loan gets around usury laws by being issued on a reservation
unless you have property on the reservation they have no recourse other than to ask you to pay them back
except their interest rate is sky high compared to a bank
if you're 80 and in a house worth 500k you're better off just borrowing 100-200k from the bank
>if you're 80 and in a house worth 500k you're better off just borrowing 100-200k from the bank
Who the frick is going to give a loan to a 80 year old guy?
if you have net assets of 500k, plus whatever pension + social security, they'll work out a smaller deal
It's a loan against the equity of the house, so the house is collateral
It's called a mortgage
What's the difference between that and the reverse mortgage? In both cases the bank is taking your house when you die.
banks have lower interest rates
Mortgage moves forward. Reverse mortgage moves backward.
Plenty if they have assets. The loan will be held against the estate so any executors will need to settle the loan. Basically means the kids will need to sell the house to pay off remaining debts. Shitty thing to do but not at all uncommon.
And you don’t pay a single penny back until you move or die. They are not for people who expect to live more than 5 years anon. I sell them for a living.
how did you celebrate rosh hashanah?
Normies don't understand how interest works. My sister and her husband got a 7 year loan on a 40,000$ vehicle and wound up paying about 130-140k.
Get on my level homosexual.
I will be picking up your sister in this
>26%
Good Goy
>monthly 25.89
>MONTHLY
You fricking what
Why wouldn't you just save up for a year and put it all on a down payment? Need shiny vroom vroom now!
>be american
>need a job to make money
>need a car for the commute because your country has awful public transit and there's nothing within walking/cycling distance
>need money to buy a car
You could have bought a nice used Bentley with all that fricking money and still had 10s of thousands left over. Or an i8 that will at least hold its value better over the long term. How much did that homosexual color paint job add to the bill. Like 10k
Let me guess, they get agressive when somebody tries to point it out.
Just kind of ignore what you are saying because the realisation they have been scammed that bad is too much for them to handle.
Normies are utterly clueless, but then i don't even remember learning about debt at school.
It’s not like shaming someone for a bad financial move 7 years ago is a smart thing to do. Really shitty, actually.
It wasn't shaming. She was to sick to work and i was going over her finances for her and saw my brother in law had got a 7 year finance deal on a car that she owned that wasn't even worth 5k, yet she had paid over 100k for it.
Least i try to help my family out homosexual.
Then they didn’t make payments and probably got sued and lied about it all.
Even 25% on a 7 year for 40k isn’t 100,000 dude.
Impressive, very nice!
Holy shit.
>5k loan
>pay back 50k
How is this fricking legal?
It’s not except on reservations.
>300k payments for a 90k car
Revenge for the smallpox blankets, white man.
>take the 5k
>don't pay anything back
The frick injun Timmy gon' do?
>It’s one of the rarer patterns of male baldness …
>Tomahawk-patterned …
Heh, gottem.
The loan is illegal once you leave the reservation so...nothing. However, they probably won't even give you one unless you're an injun.
They send a band of warriors to scalp you
These digits
>interest rate runs free. Like the buffalo
I'd like to get up in her wigwam. If you catch my smallpox.
Control your horny lvl
All these digits
hOLY SHIT WITNESSED
>No fees for early pay off
Do some places actually charge you for giving them money too quickly? Why? They want you to be considered a client for some sort of write-off?
Part (or all) of the way they make money is you paying interest, if you pay it off early they get less interest.
Reminder youtube banned and removed THAT video
CALL AND CHECK YOUR ZIP CODE IT COULD BE
>*clap*
DYN O MITE
I'd love to shove a dynomite up this AIDS patient's wrinkled butthole
The old coots doing testimonials all look like they are reading statements at gunpoint. I-I GAVE THEM M-MY ZIP CODE-
MUH NEEEE
I say man have you thought this whole reverse mortgage through?
what was higgins' fricking problem
they just needed a serious character to play opposite the goofy magnum character. although higgens was just as ridiculous in his own right
>they dmca'd the ytp
Fricking Black folk.
Did anyone reup it?
Ok
This sort of thing is why a certain group of people have been kicked out of many countries throughout history.
>it got deleted because it wasn't funny and one troony kept spamming it just like xhes doing itt
I’m a switch bottom and I have a reverse mortgage on my ass at the glory hole, I get to top 3 times a week, but in 5 years I will have to bottom 5 days a week.
^this sounds crazy until you realize that’s how heterosexual marriages actually work with topping being sex, and bottoming being alimony payments
>Someone in this thread is actually defending reverse mortgages
>You wanna pop the trunk and roll the windows down, Black person?
>Only a Black person could oppose reverse mortgages
Just like there's only a certain group could support them.
>Nice blog post, fricking homosexual
we all know Cinemaphile posters are a little wobbly. a little jumbo. and thankfully, won't be living much longer.
My grandparents spent 30 years paying off a mortgage. They own their home free and clear and have no real expenses except property taxes and insurance which is very little. I don’t understand why they would ever fall for this scam.
It's to prey on the desperate, like those who have a steady stream of medical bills and no insurance and need the money to live.
>steady stream of medical bills and no insurance
who are these mythical people? more like it prays on the greedy and finically illiterate.
>who are these mythical people?
Almost 10% of Americans have no health insurance and there's going to be bundles that are under insured and not covered for certain ailments.
that are old AND are homeowners?
give me a break.
Uninsured over 65 is apparently a pool of at least 4.7 million people.
https://cdn.pfizer.com/pfizercom/products/Profile_of_uninsured_persons_in_the_United_States.pdf
There's bound to be home owners among the bunch there and some will get sick.
>"Oh, no, you don't understand. It's not a scam at all..."
I had this exact conversation with my grandpa a couple months before he passed away. Their house in Riverside CA is probably worth over a million dollars. I hope he didn't fall for it, because my aunt and cousins who also live out there in socal are having a rough time keeping up with the skyrocketing cost of living
I have some family friends who have a reverse mortgage. The man lost all of his money on the market in 2008. His kids are loaded and don't need their house, nor he won't accept their help. They're just going to giving it away.
I have never taken out a loan and I do not intend to. I have no credit cards. I have no mortgage, no car payments, no debt. I live modestly, simply... I am light as a feather.
The only loan I've ever taken is a short-term one for a small apartment and I hope to pay it off next year. I can't imagine taking 20-30 year ones, that seems like a nightmare. Or dumb shit like loans for a fricking car.
smart! me neither.
being smart has nothing to do with it
if you can get a loan without putting up any collateral of your own you should. You can invest it yourself and probably make more than you owe per month. or ball the frick out and just never pay any of it back.
>be a famous actor with 40+ years of beloved work behind you back
>make commercials so that the banks can take away the homes of demented old people
Human greed knows no bounds.
Since we’re trading stories anyway
>great uncle is pretty well-off, has a nice house in Connecticut
>after his first wife passed away, he marries a Colombian woman who works as a secretary
>they’re happily married for many years, until he passes away
>a few years later, she gets cancer and is wasting away
>suddenly, a horde of her relatives show up in her final days, when she’s all doped up on pain medication
>everyone on our side of the family gives them the benefit of the doubt, but they spend a lot of time alone with her
>after she passes, we learn that her will was hastily amended giving the Colombians almost everything, even though the money and valuables were overwhelmingly my great uncle’s
>they leave the country immediately after she dies
>Giving brown people the benefit of the doubt
You and your family are fricking idiots
I was in middle school at the time, so I don’t know what I was supposed to do about it. My aunt was in charge of the proceedings and she’s definitely moronic, though.
They were married for a long time and genuinely in love. She watched over him diligently as he slipped into dementia and it was clear that it broke her heart. Her family turned out to be garbage, but she was a good person.
That's the price your uncle was willing to pay for having someone have sex with him in his old age.
Your home
it's where I want to be.
Big difference is
I
Get
Your home
A reverse mortgage pays NEGATIVE interest on the loan they're paying to you
holy frick I hate boomers so fricking much
they took the wealth and they are going to take it with them to the grave
its so evil that its based
Since I'll be dying alone and childless, I wonder if I should make a will to donate my stuff to a charity or something and frick over my nephews or not.
For me, I just don't want my leech of a bro to acquire all my shit since he'd be my closest living relative. I kinda like all my cousins tho
Give me
your home.
Give me
your soul.
Your house. Now. I’m through asking.
Why not just rent out the spare rooms for an income stream?
would you give him your home Cinemaphile?
it is not my home. it is robin master's estate and it is not mine to give away.
Why did this thread bring out reverse mortgage shills what the frick?
Take it Mr. Selleck. It belongs to you.
My grandma unironically eats this shit up.
>He's on my cop show and is so classy I should just give him my house. You don't trust Tom Selleck?
Imagine living through an era like young adults in the 50s and 60s did....
Tom is looking real old these days bros. Is he gonna die soon?
The black guy already died, Higgins died in like 2018, and Rick is probably dead already or will soon 🙁
Tom Selleck will never die as long as you give him your home.