Talk of The Villages Florida - View Single Post - Mary Had A Home Worth 6 Apples....And A Reverse Mortgage
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Old 03-09-2021, 06:52 AM
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JohnN JohnN is offline
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Quote:
Originally Posted by Eg_cruz View Post
I will agree that RM are not for everyone.......but there is a fit for some. A few years back I had a client who could not pay for her meds so she simply quit taking them. She has zero assets. She refused to move. Her home was paid for so what would you do for her. RM was the right fit
I'd agree with that, no problem. The RM guy that advertises three times a day here and I've not ever heard him say "a fit for some". He makes it sound like free money is raining from the sky and then throws "blessings" into it. It sounds like a con job to me and apparently many others. That "free money" being relative, after his commission and closing costs. IF there is a fit, then go for it. But people need to be counseled and not just a sell-job. It is a loan. That's how I see it and I'd guess I'm entitled to my opinion.