Mortgage Blog

FINRA - Friend or Foe??

In the world of financial products, especially for seniors and retirees, a financial endorsement or cautionary note from an organizational body such as FINRA (Financial Industry Regulatory Authority) can make or break perception.  Until recently FINRA, the financial industry’s self- regulator, referred to the use of Reverse Mortgages as the “Loan of Last Resort”.  Now whether this label is just or not really doesn’t matter.  Any label of this type will cause unnecessary fear and confusion and give likely beneficiaries pause.The question then becomes is th...

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February 21st, 2014 | Retirement Planning, Reverse Mortgage, HECM Reverse Mortgage, supplemental retirement income, FINRA, FINRA - Friend or Foe??