The most misunderstood entitlement

Reverse mortgage have to be the most misunderstood entitlement in the history of the United States. Every time the government has created a program to benefit a portion of the population of this country, large groups of politicians and both public and private organizations have put the word out so that the people who are entitled to the benefit both hear about it and receive their entitlement.

Reverse mortgages have been the opposite. Even though Congress made reverse mortgages a law, even though HUD is overseeing the program, the entitlement has not been successfully handed over to the seniors who can use it.

Instead, the public perception of reverse mortgages is still negative. Even though a reverse mortgage makes sure that the senior keeps their home. Even though a reverse mortgage improves lives. Even though a reverse mortgage makes handling the estate easier for the heirs. Even though seniors have successfully used the credit line to increase their available cash over time.

Once seniors get over the fear of using their homes to get a better life, this will go down in history as one of the best entitlements ever granted to the public by our government.