Is a reverse mortgage government sponsored?
My father wants to get a reverse mortgage, I will try to convince him not to. And I try to say that these companies are probably a lot of money because they advertise so much on television. And He said: “They are government-sponsored” I think the ad, it mentions nothing about “government.” What can you tell me? “I want to go back to him some facts such as the” father your information, they are independent businesses and government has nothing to do with reality lend money to these enterprises by the Government gave them license to do so. ” Something like this, please help me, I really need her to “drop” just a drop in full, all you can do to help! Please and thank you!
And the banks themselves?