After taking note of the bad press affiliated to reverse mortgage lenders and the fact is that most people talk about the product quite degradingly, I can not help but guess about whether this is as a result of the age of the householders involved. Even though the more suspect reverse mortgage calculator firms have been swept underneath the moroccan rug and dismissed as a less worthy cause of upset, reverse mortgages are now regulated fully by the FSA yet continuously bares loads of stigma about it.
The differentiating attributes of the two? One is targeted at everyone whilst the other is aimed at . This age specific targeting, I propound, has intensified the hoo-ha. Aiming at the over 55’s has the similar connotations of helplessness that arises with selling unhealthy food to children.
What concerns my self is the fact that in every other market or situation, older homeowners are considered the most sage people here; the wise ones that many look to for advice and admonition from. So why is it, when it comes to anything on the web or many type of business offering, do we treat the 55+s with children’s mitts? Stepping in like a defiant knight to protect them from their own decisions. Do we suggest for one minute that they’re stupidly blundering in the dark. No, I did not think so.