Mixed Emotions from Seniors on Reverse Mortgage 

I personally believe that the reverse mortgage loan program is one of, if not the only program from the government that truly was designed to help senior citizens. For a long time seniors in the population where gently eased out of life in old people homes. Since reverse mortgage loans got popular seniors now know that they have a choice. No more squatting with your children or with other old strangers in retirement homes. I can live in my familiar environment and don’t have to worry no one.

Morgan - 75 - New Jersey 

I recently sold my home and moved to a smaller home. I did not know about reverse mortgage loans before the sale. I have heard a bit of them but never really bothered to get more information. I found it hard to meet up with the cost of repairs, renovations, taxes and insurance on the relative large property so I sold it and opted for a smaller residence. Now that I know about reverse mortgage lending, I wished I had known sooner. I would not have sold my home. When you grow up in a place, you get used to it. Puling out seems like starting anew and am way too old for that now. My friend Paul took a reverse mortgage loan and he is not complaining. If only I had known.

Elbridge - 72 - South Carolina  

I actually think reverse mortgage loans is not as good as everyone makes it out to be. The reverse mortgage lenders and agents make a commission out of it so what else would they say than to sing its praises. I believe that there are better options available to a senior than opting for a reverse mortgage. I took one of such options and am happy.

Stella - 69 - Texas 

I can never opt for a reverse mortgage loan. How will I take a loan where the lender gets paid after am dead? So the lender keeps hoping that I die quick so that they can sell my home and cash out. What do I then leave my kids? Its just an over hyped program to cheat people.

Murphy - 81 - Georgia