Can you trust Reverse Mortgages ?
This isn’t my first Rodeo. I’ve been in the world of Finance for 45 years, longer than most of you have been alive. Are Reverse Mortgages a loan or scam.
I will post my questions anywhere I want. You just answer.
- martinLv 75 months agoFavorite Answer
They are a legitimate loan. The borrower would receive a large sum of money based on a valid appraisal. But the bank definitely makes money off the loan.
- Anonymous5 months ago
Post in "Finance" or "Real Estate" for good answers.
- 5 months ago
It's the acceptable face of Fraud.
Unfortunately that fraud will be Perpetrated by Hundreds and Defraud Millions of their assets.
It's their absolute right to Defraud YOU.
- Aussie BattlerLv 75 months ago
A loan. Accessing collateral of an asset that you still own and enjoy.