There is so much misinformation out there relating to reverse mortgages, and people have stirred up emotions based on half-truths, or worse…non-truths. I’m sure most reverse mortgage professionals share my experience in spending a great deal of time informing people of what a reverse mortgage isn’t, as much as sharing what it is. In this case, the letter writer believes that the government insurance is to guarantee to the borrower that the lender will keep their end of the deal. She also states that monthly fees will be required. Of course, all of this is completely false.

We have an uphill battle when misinformation like this is being distributed without the ability to set the record straight directly.