Anonymous
Anonymous asked in News & EventsCurrent Events · 2 months ago

Can you trust Reverse Mortgages ?

This isn’t my first Rodeo. I’ve been in the world of Finance for 45 years, longer than most of you have been alive. Are Reverse Mortgages a loan or scam. 

Update:

I will post my questions anywhere I want. You just answer. 

4 Answers

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  • martin
    Lv 7
    2 months ago
    Favourite answer

    They are a legitimate loan.  The borrower would receive a large sum of money based on a valid appraisal.  But the bank definitely makes money off the loan.

  • Anonymous
    2 months ago

    Post in "Finance" or "Real Estate" for good answers.

  • It's the acceptable face of Fraud.

    Unfortunately that fraud will be Perpetrated by Hundreds and Defraud Millions of their assets.

    NB.

    It's their absolute right to Defraud YOU.

  • 2 months ago

    A loan. Accessing collateral of an asset that you still own and enjoy. 

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