TOM SELLECK is always reassuring grandma and grandpa that a reverse mortgage is NOT a scam to take their home.  But in a NEW video, he’s finally admitting that that’s EXACTLY what it is.

Okay, he didn’t REALLY admit it.  But someone edited together clips from several of those ads, so it SOUNDS like Tom is after the family homestead.  Oh, and he also PULLS A GUN toward the end of the clip.