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ReverseMortgageDirect has a consumer rating of 1 star from 1 review indicating that most customers are generally dissatisfied with their purchases. ReverseMortgageDirect ranks 98th among Mortgages sites.
I think reverse mortgages are bad for most seniors. The fees and expenses are too high and there is too much risk they will lose their home. Any senior or family considering a reverse mortgage should read all these articles first: http://money.usnews.com/money/blogs/On-Retirement/2012/12/11/5-reasons-to-avoid-a-reverse-mortgage http://www.nytimes.com/2012/10/15/business/reverse-mortgages-costing-some-seniors-their-homes.html?pagewanted=all&_r=0 http://online.wsj.com/article/SB****************************564.html
I think reverse mortgages are bad for most seniors. The fees and expenses are too high and there is too much risk they will lose their home. Any senior or family considering a reverse mortgage should read all these articles first:
http://money.usnews.com/money/blogs/On-Retirement/2012/12/11/5-reasons-to-avoid-a-reverse-mortgage
http://www.nytimes.com/2012/10/15/business/reverse-mortgages-costing-some-seniors-their-homes.html?pagewanted=all&_r=0
http://online.wsj.com/article/SB****************************564.html
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