01.22
The unjust press applicable to non-hecm reverse mortgage is because of the homeowner’s physicalities
After hearing the resentful news affiliated to reverse mortgage and the situation is that every body seems to chat about the idea very tentatively, I cannot help but speculate about if this is down to of the age of the householders involved. Furthemore the more suspect mortgage refinance lender companies have been brushed underneath the rug and dismissed as a less worthy cause of debate, reverse mortgage is now regulated fully by the FSA but always has clouds surrounding it.
The distinguishing attributes of the two? One is targeted at everybody whilst the other is aimed at the over 55. This age specific targeting, I believe, has started the bad stories. Targeting the plus 55s has the similar connotations of vulnerability that comes with promoting unhealthy food to under 18s.
What agitates me is that in most other business or position, older householders are thought of the sage of society
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