Despite a bad reputation in mainstream media, reverse mortgages are actually viewed very positively by those who obtain them, says a recent Inman News article.
Earlier this year, the National Reverse Mortgage Lenders Association commissioned Boston, Mass.-based Marttila Strategies, a public-opinion research firm, to conduct a study consisting of three national surveys and six focus groups to determine how three different groups of people felt about reverse mortgages.
The results that firm leader John Marttila obtained were not what some might be led to expect.
“Seldom has his research produced a more satisfied contingent as those his company polled regarding their experiences with reverse mortgages,” says Inman News. “While the financial product received a black eye for early versions that included an equity share with the lender, Marttila Strategies’ recent survey revealed that today’s seniors are extremely happy with their reverse loans.”
Read the full Inman News article here.
Written by Alyssa Gerace