Can you figure out why so many Banks are jumping into the REVERSE MORTGAGE SCAM, Banks must be doing good.?
Especially when the agreement is supported by companies such as Fannie Mae or FHA Federal Mortgage, anyway, I once heard that the property is privatelly not the Republican Party, please explain!
Why this type of scam? Is it better for older retirees to have to sell your house, lose their tax base and subjected to any type of property scams with a load of cash in your bank? It is a valuable tool for intelligent use. I wish my people had access when they were older. They received their last years in the travel and leisure. You can get additional information on this program before we condemn and banks that offer it.
Timo?? You are misinformed. Reverse mortgages help many ppl in our older generation. For example, drugs on a total of $ 1,000 per month, but the SSI and health insurance just to give them $ 600! I am a mortgage loan officer. My grandmother is 87 years old, your house is paid for, why she lives below poverty levels? None of her children all want inheritance. Why should I pay to live on the ISS when it is sitting on revenue ??????? It is a scam, when applied in the right areas / demographics. It is controlled by the FTC, the FCC Comercio.Con to be eligible for a reverse mortgage, you must meet certain criteria. Have you really done your homework?