After hearing the bad news related to reverse mortgage lenders and the fact is that most people talk about the idea quite contritely, I cannot help but guess about whether this is as a result of the demographics of the householders involved. Whilst the more suspect refinancing loan corporations have been swept beneath the carpet and dispelled as a drossy cause of concern, reverse mortgage information are now fully regulated by the FS Authority but still holds lots of stigma about it.
The differentiating characteristics of the two? One is aimed at everyone whilst the other is targeted toward over 55’s. This age specific targeting, I believe, has initiated the unfavourable press. Aiming at the over 55’s has the identical coloring of assailability that arises with selling unwholesome food to kids.
What riles myself is that in almost every other industry or position; older householders are considered the wise ones of the world
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