Quote:
Originally Posted by retiredguy123
I disagree. I understand what a reverse mortgage is and how it works, but I don't think it is appropriate for most people. I think that many people, who buy a reverse mortgage, are sold the product by a commissioned broker, who doesn't fully explain the pros and cons or the alternatives. And, many of those people, who shouldn't buy a reverse mortgage, do so without understanding what it is and how it works. This is also true for many other financial products sold by brokers who want to make a commission.
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I couldn’t agree more. This was the entire point of my original post. I received 4 offers in the mail just in the past week for free chicken dinner seminars. It makes perfect sense why TV is a breeding ground for unscrupulous sales tactics. After all, what better place for the fox to set up home if not next to a bunch of chicken coops?