Generation Mortgage Chairman, Jeff Lewis sat down for an interview with Fox Business to discuss reverse mortgages.
While they may not be for everyone, they’re undergoing a “renaissance” and possible worth a look says Fox.
“One of the most interesting aspects of this product is that it seems that people go through a lot of difficulty to actually do it, and then once they do it they are ecstatic,” said Lewis. “They may have read some misleading or misinformation from different sources that give them a little bit of pause, and they are often told to only do this when they have nowhere else to turn. I think it is a little unfair for the product to be characterized as an instrument of last resort. The fact of the matter is there is a lot to the product.”
Check out the interview at the link below.