Another attempt by the media to scare our seniors. We've never charged anywhere near the fees mentioned in this video. In fact, fees are capped. Why doesn't the media interview some people in the industry that have been helped by this product? Any loan officer can come up with countless success stories.
The cross selling that was mentioned in this video isn't legal with the latest housing bill.
Can be a great product for the right person. Though that company sellin the 20 year anunitys are down right scandless. Their was some misinformation, the bank can't take your home if you run out of equity, it is federaly insured.
Also the "bank can take your home" part mentioned in the video is 100% incorrect. Someone call a fact checker for NBC please.
cscarpero 2 years ago
Another attempt by the media to scare our seniors. We've never charged anywhere near the fees mentioned in this video. In fact, fees are capped. Why doesn't the media interview some people in the industry that have been helped by this product? Any loan officer can come up with countless success stories.
The cross selling that was mentioned in this video isn't legal with the latest housing bill.
cscarpero 2 years ago
Can be a great product for the right person. Though that company sellin the 20 year anunitys are down right scandless. Their was some misinformation, the bank can't take your home if you run out of equity, it is federaly insured.
chuock 3 years ago