Informative. I have never liked these but admit I did not know all details and certainly in a (very) few circumstances one might look at it but when paying half of what most pay for rent, would still have to pay taxes and upkeep and value still rising, would I wish to hand this over to someone else and pay fees to do so? Why would I ask an actor what I should buy and why do we buy insurance because a duck tells us to? Asking for your older friend.
Good one, Rick! Replying for my senior friend, it is another way for the banks to make money, ... and sometimes help some people who are desperate for cash, like they are when someone struggling to pay bills and feed themselves and their family turn to payday lenders. The commercials are just commercials, unless they directly include lies or are horribly misleading, like I think the reverse loan commercials are. It's up to the public to be discerning in the face of nonsense. Thanks for your wise comments as always!
Informative. I have never liked these but admit I did not know all details and certainly in a (very) few circumstances one might look at it but when paying half of what most pay for rent, would still have to pay taxes and upkeep and value still rising, would I wish to hand this over to someone else and pay fees to do so? Why would I ask an actor what I should buy and why do we buy insurance because a duck tells us to? Asking for your older friend.
Good one, Rick! Replying for my senior friend, it is another way for the banks to make money, ... and sometimes help some people who are desperate for cash, like they are when someone struggling to pay bills and feed themselves and their family turn to payday lenders. The commercials are just commercials, unless they directly include lies or are horribly misleading, like I think the reverse loan commercials are. It's up to the public to be discerning in the face of nonsense. Thanks for your wise comments as always!