Business Pro.

After hearing the bad press relative to reverse mortgages and the truth is that everybody seems to talk about the concept quite contritely, I cannot help but speculate about whether this is as a result of the demographics of the homeowners involved. Whilst the much more rogue refinance loan corporations have been brushed under the moroccan rug and dispelled as a less worthy cause of concern, reverse mortgages are now entirely seen to by the FS Authority but always has clouds surrounding it.

The differences between the two? One is aimed at everybody whilst the other is aimed at 55+s. It is this demographic difference that, I believe, has initiated the bad stories. Selling to the plus 55s has the same connotations of assailability that appears with with advertising fatty products to under 18s.

What concerns my self is the fact that in most other business or position, older people are considered the most clever; the clever owls that many look to for help and guidance from. So for what excuse, when it happens to be anything on the web or many type of financial offering, do we treat the over 55’s with kid mitts? Interjecting like a defiant knight to cherish them from their own decisions. Do we really think for one second that they are blindly falling for reverse mortgages like lemmings? No, I did not think so.

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