The ridiculous wax lyrical related to non-HECM reverse mortgages is a result of demographics the homeowner’s age
Posted by: admin in Reverse MortgageI have been hearing the acrimonious news affiliated to senior reverse mortgage and the fact is that everybody seems to talk about the idea quite ruefully, I cannot help but wonder whether this is as a result of the age of those taking out equity release. Furthemore the more rogue mortgage refinance lender corporations have been swept beneath the carpet and dispelled as a less-worthy reason of concern, reverse mortgage is now entirely seen to by the FSA yet always has blemishes encircling it.
The differences between the two? One is aimed at everyone whilst the other is aimed at over 55’s. This age specific targeting, I reason, has initiated the bad press. Selling to the plus 55s has the same images of vulnerability that appears with with promoting fatty food to under 18s.
What concerns me is that in almost every other industry or situation, mature householders are thought of the clever ones of the world
