Inman: Most Seniors Extremely Happy with Their Reverse Mortgages

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.

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“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

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  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • Tom Kelly is the author of the linked article and it was very well written. It did not involve the typical focus groups. The results were unexpectedly low although once the population of the groups is understood, the results make more sense.

    The linked article is very much worth the read.

  • The article is well-written, I agree, but it actually says very little about the results of the study.  I think it’s interesting that two of the three groups really relate to public opinion about reverse mortgages, as they seemed to be made up of HECM-eligible homeowners and the children of HECM-eligible homeowners.  The other group was made up of people who actually had reverse mortgages.  However, the results were presented for all three groups together, which makes it less clear what they actually mean.  Does anyone out there have access to the actual complete study report?  I’d love to see it described in greater detail.

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