Applauding Advancements in Reverse Mortgage Loans
Posted on November 26, 2009
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Recently there was report, introduced to the public by the National Consumer Law Center, titled “Subprime Revisited: How the Reverse Mortgage Industry Puts Older Homeowners at Risk.” Not surprisingly, this report has gathered a lot of attention and has given the naysayers of the product fuel to continue reporting on only the negative aspects of a product that, for some, can be a life saver. Most mortgage products available in the United States today are not inherently good or bad, but rather serve specific purposes to help particular groups of people.
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