Spring Ramblings » Reverse Mortgage http://nlsa-lafayette.com Sat, 04 Sep 2010 10:31:02 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 The unjust stories relative to hecm reverse mortgages is in part due to the applicant’s age http://nlsa-lafayette.com/the-unjust-stories-relative-to-hecm-reverse-mortgages-is-in-part-due-to-the-applicants-age/ http://nlsa-lafayette.com/the-unjust-stories-relative-to-hecm-reverse-mortgages-is-in-part-due-to-the-applicants-age/#comments Fri, 22 Jan 2010 00:54:39 +0000 admin http://nlsa-lafayette.com/?p=67 After hearing the bad stories relative to reverse mortgage lenders and the varacity is that every body seems to chat about the idea very wisftully, I cannot help but wonder whether this is as a result of the age of those taking out home reversion. Whilst the much more rogue refinance loan firms have been hidden underneath the moroccan rug and regarded as a less worthy reason of upset, reverse mortgage are now regulated fully by the Financial Services Authority but continuously has stigma engulfing it.

The definitive features of the two? One is aimed at every one and the other is pointed to 55+s. This age specific targeting, I propound, has started the bad stories. Aiming at the 55+s has the identical images of vulnerability that comes with advertising unhealthy products to under 18s.

What agitates me is the fact that in almost every other industry or situation; elder homeowners are thought of the most wise; the sage ones that many look to for advice and warning from. So for what reason, when it comes to anything online or many type of financial offering, do we treat the 55+s with children’s gloves? Interjecting like a brave knight to save them from their own selves. Do we suppose for one second that they are ridiculously blundering in the dark. No I thought not.

]]> http://nlsa-lafayette.com/the-unjust-stories-relative-to-hecm-reverse-mortgages-is-in-part-due-to-the-applicants-age/feed/ 0