Hot Seat: Mike Gruley

Written by Mike Gruley

From his favorite TV shows and the craziest thing he’s every done to his thoughts about the reverse mortgage market, we get the facts from Mike Gruley, EVP of  1st Nations Reverse Mortgage. 

Ten years from now, I would like to be teaching my grandkids how to golf.

Something nobody knows about me is I used to play in billiard tournaments.

My favorite vacation is anywhere with my wife, two daughters and son-in-law.

If I were a professional athlete, I would be a PGA golfer.

My first car was a 1976 Oldsmobile Cutlass Sierra.

The craziest thing I’ve ever done was… I invoke my Fifth Amendment right.

If I had three wishes they would be world peace, no more poverty or disease, and all financial advisors understand reverse mortgages.

My favorite movie is Saving Private Ryan.

I never miss an episode of Seinfeld or Curb Your Enthusiasm.

When I was younger I wanted to be an astronaut. (I still do.)

Every morning I walk with my wife.

I can’t go without music.

I’ll never forget…yes I will. I have a terrible memory.

My first job was at a swimming pool store (best job ever).

My parents taught me to find my passions and never give up.

My favorite time of day is sunset.

My iPod go-to is Jamie Cullum or Sinatra.

I always say “thank you” to veterans.

The best purchase I’ve ever made was a wedding ring 32 years ago.

My favorite book is With the Old Breed, by E.B. Sledge.

The biggest challenge in the reverse mortgage industry is getting people past the irrational negative emotions they feel about the product.

I am optimistic about the reverse mortgage industry because the product serves a vital purpose to so many people, and the need will only increase over time.

I entered this industry because it makes a difference to older Americans, their families and the communities in which they live.

Before I entered the reverse mortgage industry I had brown hair.

The most important thing financial advisors can learn about reverse mortgages is that they are not loans of last resort.