"Tom Selleck is multifaceted: recognized as the iconic Magnum P.I., he now informs audiences about reverse mortgages, impacting even younger generations like Gen-Z."
"Reverse mortgages allow homeowners to borrow against their home equity, but the loan balance, accumulating interest and fees, can diminish home equity over time."
"While reverse mortgages offer financial relief, they carry significant risks, including potential foreclosure if tax and insurance obligations are unmet, thus increasing the importance of borrower awareness."
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