In a commercial hawking reverse mortgages, the TV actor doesn't tell people how they could get into trouble with the product, a special kind of loan that allows borrowers aged 62 and older to convert a portion of their home's equity into cash. While some say reverse mortgages are useful because they allow the elderly to age in place, many others have recounted harrowing experiences – including foreclosures – in Philadelphia, which until recently was the city with the highest rate of reverse mortgage originations in America.
