http://masteryourcard.com/blog/2009/02/27/reverse-mortgages-are-they-right-for-you/ The best Credit Card Debt Blog online Wed, 02 May 2012 03:22:04 +0000 hourly 1 http://wordpress.org/?v= http://masteryourcard.com/blog/2009/02/27/reverse-mortgages-are-they-right-for-you/comment-page-1/#comment-26115 sally Sun, 01 Mar 2009 04:53:45 +0000 http://masteryourcard.com/blog/?p=923#comment-26115 You do realize that, according to the generally accepted age range of the Boomer generation, those in this group will turn between 45 and 63 in 2009. I don't really think these ages qualify for senior citizen status. The so-named Silent Generation, those born between 1925 and 1945 and who will turn 64 to 84 this year, are probably the seniors and elderly to which you and Dawn refer. :) You do realize that, according to the generally accepted age range of the Boomer generation, those in this group will turn between 45 and 63 in 2009. I don’t really think these ages qualify for senior citizen status. The so-named Silent Generation, those born between 1925 and 1945 and who will turn 64 to 84 this year, are probably the seniors and elderly to which you and Dawn refer. :)

]]> http://masteryourcard.com/blog/2009/02/27/reverse-mortgages-are-they-right-for-you/comment-page-1/#comment-25832 TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere Sat, 28 Feb 2009 13:01:47 +0000 http://masteryourcard.com/blog/?p=923#comment-25832 [...] Reverse mortgage, is it the right solution for you? By Master your card. [...] [...] Reverse mortgage, is it the right solution for you? By Master your card. [...]

]]> http://masteryourcard.com/blog/2009/02/27/reverse-mortgages-are-they-right-for-you/comment-page-1/#comment-25692 Kristy Sat, 28 Feb 2009 04:36:02 +0000 http://masteryourcard.com/blog/?p=923#comment-25692 I agree, Dawn. I'm not very fond of this product, but like many others, it does have it's purposes. I just hope that it's used responsibly. My credit union doesn't offer them, but Chase - that last bank I worked for - does. When they first rolled that out, I was a little hesitant to offer it. I never did, but I understand a few of my ex-coworkers did have some success selling them. From what I gather, it was the right product, but I'm still a little wary of it. I agree, Dawn. I’m not very fond of this product, but like many others, it does have it’s purposes. I just hope that it’s used responsibly. My credit union doesn’t offer them, but Chase – that last bank I worked for – does. When they first rolled that out, I was a little hesitant to offer it. I never did, but I understand a few of my ex-coworkers did have some success selling them. From what I gather, it was the right product, but I’m still a little wary of it.

]]> http://masteryourcard.com/blog/2009/02/27/reverse-mortgages-are-they-right-for-you/comment-page-1/#comment-25504 Dawn Fri, 27 Feb 2009 17:34:13 +0000 http://masteryourcard.com/blog/?p=923#comment-25504 For some reason reverse mortgages leave a bad taste in my mouth. I can see why they might be useful - elderly person on fixed income, has a house paid off and no heir that they want to pass it to. It feels like a niche product that is good for a limited number of folks but has been twisted into something else that is not so savory. I get the impression it is a prime target for swindling, you know? For some reason reverse mortgages leave a bad taste in my mouth. I can see why they might be useful – elderly person on fixed income, has a house paid off and no heir that they want to pass it to. It feels like a niche product that is good for a limited number of folks but has been twisted into something else that is not so savory. I get the impression it is a prime target for swindling, you know?

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