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John Palumbo

Team Lead Loan Officer
Movement Mortgage
NMLS ID # 169369
231 Union Blvd, First Floor, Totowa, NJ 07512
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p: (973) 699-3797
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e: john.palumbo@movement.com
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Movement Blog

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February 28, 2024

Fact-checking Dave Ramsey’s reverse mortgage claims

The federally insured reverse mortgage product known as a Home Equity Conversion Mortgage (HECM) has been around for over 30 years. During many of those years, the most vocal critic of the product was author and radio personality Dave Ramsey. But...

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John Palumbo headshot
John Palumbo
Team Lead Loan Officer
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231 Union Blvd, First Floor, Totowa, NJ 07512
(opens in a new tab)
NMLS # 169369

State License #AL-86049, AZ-1033396, CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI169369, CO-100535396, CT-LO-169369, DE-MLO-169369, FL-LO84, GA-169369, IL-031.0091229, IA-52580, IN-58975, KS-LO.0054669, KY-MC829598, MA-MLO169369, ME, MD-169369, MI-169369, MO-169369, NH, NJ-9941589 - licensed by the N.J. Department of Banking and Insurance, NY, NC-l-205970, OH-MLO-OH.169369, PA-26661, SC-MLO-169369, TN-169369, TX, VT-MLO-169369, VA-MLO-62051VA, WV- LO-169369

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