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To: 2ndDivisionVet

I notice that Fred Thompson is now doing “Reverse Mortgage” advertisements. I’ve always thought that to be a pretty cheesy business and am sad to see him doing that.


2 posted on 07/14/2010 10:08:46 PM PDT by davisfh
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To: davisfh

Why? It allows those 62 years of age and over to take a certain portion of their home equity out and not pay house payments. Potential borrowers have to go through goverment-approved counseling before a loan can be made. Of course it’s not for everyone, but no one loan product is.


3 posted on 07/14/2010 10:13:21 PM PDT by 2ndDivisionVet (The 4th Estate is a 5th Column, do a #1 & #2 on them, they're #10!!)
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To: davisfh

There is nothing unethical about reverse mortgages. In fact, it is the only way some older people can obtain the cash to afford to stay in their homes.


9 posted on 07/15/2010 3:52:32 AM PDT by iowamark
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