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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="Glocktogo" data-source="post: 1328481" data-attributes="member: 1132"><p>And this is what most likely will happen. If not on toys and extravagant lifestyle, then medical bills and leeching relatives. If they had managed their finances well, they wouldn't be looking at a RM.</p><p></p><p> <span style="color: blue">That's the best you can come up with? Your responses to this thread are causing me to loose a great deal of respect for you. If you can't answer these hard questions without pitiful deflections, that's a sign that you're working in a less than honorable field and you have no way to defend it.</span></p><p></p><p></p><p></p><p></p><p></p><p>Exactly! That the lender is gambling on the borrower's timely death and expecting the borrower to insure their gamble is ghoulish and predatory. Only seniors and terminally ill are targets for this type of lending. It does not entice anyone that is not in financial distress and without options. <img src="/images/smilies/frown.png" class="smilie" loading="lazy" alt=":(" title="Frown :(" data-shortname=":(" /></p></blockquote><p></p>
[QUOTE="Glocktogo, post: 1328481, member: 1132"] And this is what most likely will happen. If not on toys and extravagant lifestyle, then medical bills and leeching relatives. If they had managed their finances well, they wouldn't be looking at a RM. [COLOR="blue"]That's the best you can come up with? Your responses to this thread are causing me to loose a great deal of respect for you. If you can't answer these hard questions without pitiful deflections, that's a sign that you're working in a less than honorable field and you have no way to defend it.[/COLOR] Exactly! That the lender is gambling on the borrower's timely death and expecting the borrower to insure their gamble is ghoulish and predatory. Only seniors and terminally ill are targets for this type of lending. It does not entice anyone that is not in financial distress and without options. :( [/QUOTE]
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