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Mortgage Broker News | 15 May 2018, 01:30 AM Agree 0
As an increasing number of parents help their children attain homeownership, reverse mortgages are being touted as a way to do just that but with fewer encumbrances
  • Kevin L. | 15 May 2018, 03:03 PM Agree 0
    A reverse mortgage is NOT the answer !!
  • PissedOffBroker | 28 May 2018, 03:46 PM Agree 0
    I have nothing against reverse mortgages, they can be a perfect tool for those select few individuals to supplement income and/or do things they couldn't afford otherwise...BUT this is just a slimy sales tactic to provide mortgages to kids who cant afford the houses they think they deserve, AND pressuring the parents into provide down payment by going into debt. You can justify it any way you want, but it is just WRONG!
    There may be a few legitimate times this scenario could make sense, but to turn it into a "Sales Seminar" is simply a tactic for these Brokers to maker more money...
  • Omer Quenneville | 26 Nov 2018, 06:02 PM Agree 0
    While reverse mortgages is an option it should be the last option after all other options have been exhausted.
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