Red Journal » Reverse Mortgage http://chesapeakeachmm.org Wed, 08 Sep 2010 13:30:21 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 The bad wax lyrical related to non-hecm reverse mortgage is because of the applicant’s age http://chesapeakeachmm.org/the-bad-wax-lyrical-related-to-non-hecm-reverse-mortgage-is-because-of-the-applicants-age/ http://chesapeakeachmm.org/the-bad-wax-lyrical-related-to-non-hecm-reverse-mortgage-is-because-of-the-applicants-age/#comments Thu, 21 Jan 2010 02:11:48 +0000 admin http://chesapeakeachmm.org/?p=58 After listening to the resentful stories affiliated to reverse mortgage lenders and the truth is that everybody seems to talk about the idea very tentatively, I cannot help but speculate whether this is because of the demographics of those taking out equity release. Whilst the more rogue reverse mortgage calculator companies have been hidden beneath the moroccan rug and dismissed as a less worthy cause of upset, reverse mortgage are now regulated fully by the Financial Services Authority but still bares a lot of stigma about it.

The differentiating characteristics of the two? One is aimed at everybody whilst the other is aimed at over 55’s. It is this demographic difference that, I propound, has created the fuss. Selling to the over 55’s has the same images of vulnerability that appears with with advertising fatty food to kids.

What agitates me is the fact that in most other market or circumstance, older householders are thought of the sage of society

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