Transparency is key when discussing reverse mortgages with clients, especially in the wake of one article about what befalls these loans when the holder dies.
The guidance of financial planners can put client minds at ease about one controversial mortgage product, but could also result in a future referral partner.
Elite women; Distressed properties; Above and beyond; Reverse mortgages; Negotiating tip; Opinion; Industry icon
Another chapter of the reverse mortgages saga has been added, with one state legislature passing a bill designed to protect seniors with a “cooling-off period.”
The Department of Housing and Urban Development cleared up what had been a perplexing issue for homeowners, lenders and counselors for years.
How much responsibility should originators take for confusion about reverse mortgages?