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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="Shootin 4 Fun" data-source="post: 1329545" data-attributes="member: 6465"><p>Look dude, the fees associated with an RM are a scam. The RM company is placing a lien on a home and loaning part value knowing full well that the heirs are not going to hassle with financing a house just so they can turn around and sell it for very little equity because the RM company has compounded the interest to eat up the equity that wasn't loaned. </p><p></p><p>AND your target audience is financially uninformed elderly people. Now that's what we call ******** where I come from.</p></blockquote><p></p>
[QUOTE="Shootin 4 Fun, post: 1329545, member: 6465"] Look dude, the fees associated with an RM are a scam. The RM company is placing a lien on a home and loaning part value knowing full well that the heirs are not going to hassle with financing a house just so they can turn around and sell it for very little equity because the RM company has compounded the interest to eat up the equity that wasn't loaned. AND your target audience is financially uninformed elderly people. Now that's what we call ******** where I come from. [/QUOTE]
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