When Seniors Don't Understand Reverse Mortgages

KNOW: Some vendors of reverse mortgages bundle their transactions with fees, commissions and conditions that older Americans often do not understand. Enticed by the lure of easy money, a growing number of seniors wind up losing their homes and all the equity in them, according to a special report in Consumer Reports.

DO: Trusted advisors alert their clients to the danger of doing business with high-pressure salesmen peddling reverse mortgages who extract outrageous fees. Partner with a reputable reverse-mortgage vendor to refer your clients to.

Story From: www.generationaladvisor.com