Originally Posted by
Baa_Baa
Clever Ad, targets the vulnerable oldies for the reverse mortgage loans. Is it really better than just selling their house, if they have to, and putting the excess dosh else where? Possibly a good thing for some, but heartbreaking for many to lose control of their home to a bank and know one day, if they are unfortunate to live long enough, they'll have no equity and have been right royally up the rear, especially if the live to really old age. At least there's the government subsidy for their rest home care if needed. You have to realise that when these oldies signed up for their first mortgage, not only was it near impossible to get a loan, and at outrageous interest, when they did it was at the behest of the banker who was a pillar of society, someone to be trusted, beyond reproach. Sad to have to give back what they wanted so desperately and paid for so heavily to a bank who made it all possible.