Local Media: Overwhelming Interest From Viewers About Reverse Mortgages

September 23rd, 2009 | by John Yedinak Published in News, Reverse Mortgage | 9 Comments

In Miami, CBS 4’s Your Money Team covered reverse mortgages earlier this week and set up a dedicated “Phone Bank” devoted entirely to the subject due to the overwhelming interest from viewers.

The segment features Myrtle Robinson, who decided to use a reverse mortgage to keep up with her bills. Robinson explained, "When I learned about all it had to offer, I thought, ‘this is for me””.

Robinson says her reverse mortgage is working out well for her and added "It’s like a load off my shoulders and after hearing about it, you’re grateful."

After the backlash from the Consumer Reports “investigation” it’s nice to see reverse mortgages getting some positive local media coverage.

4 Your Money: Are Reverse Mortgages The Answer?

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johnklunde

Is it any wonder that Miami is the metro area with the highest percentage of seniors with a reverse mortgage in place currently?

John K. Lunde
http://www.rminsight.net
floridareversemortgageguy

There doesn't seem to be anything different in this video than any others I have seen. It's not all that positive.
Admin

Positive compared to the CR stuff, come on I'm trying to keep it positive =)
dduck12

The only negative I read was a semi-negative remark by a “financial advisor”.
floridareversemortgageguy

Check out the video, what was seen on TV, not the story.
dduck12

So there were some cautions noted and some stories of overcharges for services. I still think, that I as a prospective borrower, would still want to check out a RM as a possible financial problem solution after watching the video.
REVGUYJIM

If this is what has to pass for “positive media coverage” for reverse mortgages, we've got a long way to go.
The_Critic

What is great about this presentation is the anecdote was positive. There is nothing wrong with warning seniors about inappropriate uses of funds.

While I would not call the TV reporting or article positive, neither were they negative. It was about as even handed as one sees.
dduck12

Right on, Critic.

Local Media: Overwhelming Interest From Viewers About Reverse Mortgages

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