Media attention shifts from look out to take a closer look

For years, I've watched and read pundits across a variety of media comment on the HECM products.  Usually, they are uneducated writers, hitting some of the big bullet points on occasion.  Time after time, I have waited to see retractions, corrections, etc. to no avail.

Something seems to be happening.  I am noticing mainstream media (FOX, TODAY SHOW, MONEY, etc.) report that the reverse mortgage of today is indeed different and more importantly, they are finally agreeing that this product fits a retirement plan in todays ever changing world.

The TODAY show discussion is of particular interest, take a look below, the first couple of minutes of the clip are related.  Here is a quote from the conversation, of which I wholeheartedly agree:

“ I actually have a problem with this notion that she owes her daughter an inheritance. You know, if your mother has a place to live for the rest of her life, that is paid for, no worries, then you're not going to have to step in and pay for a place for her to live, and that in and of itself is a gift. And this notion that our parents, who put us through college and take care of us our whole lives then owe us something at the end. I have trouble with that."

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Reversing Conventional Wisdom

Reconsidering Reverse Mortgages
Once widely seen as money of last resort, reverse mortgages are fast entering the mainstream of retirement income.

Borrowers trending younger

New article shows younger reverse mortgage borrower trend. Click Here to read the full article

Once again, I am blessed to have a career that is so rewarding.  Here I am helping a 92 year old that needs the funding to continue living her lifestyle of choice, remaining in the home with a full time nurse, close to her family and grandchildren. Until her Reverse Mortgage, her two children were supporting their parents to the tune of almost $70,000 per year!  We were able to set up a low cost credit line option that will help with the yearly costs of living. This article shows that soon, I'll be meeting with less and less older seniors....