The Price of Free Reverse Mortgage Info
You may have some financial hurdle to overcome. Perhaps you are 62 years old or older and have heard about using a reverse mortgage to help you solve your problem.
What you may have heard is that equity in the home can become spendable money, but the how of it isn't quite clear. So you Google reverse mortgages to see what comes up.
You are pleased to see so many informational websites offering free guides and informational booklets on the reverse mortgage. Its like a bonanza for people just like you who just want some basic information.
Soon you come across a free report that can be mailed to you right away. That's exactly what you were looking for! You send in your information and keep an eye out for the report.
What may be news to you is that these websites are not actually altruistic, but operate for the purpose of gathering information to make a profit.
Profit is made 1 of 2 ways. The website owner could be an actual lender vying for reverse mortgage clients, and wants to be the one you pick should you continue the process.
Or they are in the lead sales business. This is big business in the reverse industry. Some of the most informational websites are also the most profitable lead generators.
What a website such as this does, is grab your information and sells it to a reverse mortgage lender, so they may get in touch with you.
You fill out the form, wait for the info, and little do you know, youll be receiving a phone call from a local reverse mortgage lender. He or she will remind you that you filled out the form and of their affiliation with that website.
Perhaps you entered your contact details on numerous websites for free guides. This means that multiple companies will be contacting you.
And by the way, it is a very competitive business so you can expect multiple calls from each of these folks attempting to garner your business.
So, as you gather reverse mortgage information online, if you give out your contact info, prepare yourself for phone calls that you were not necessarily expecting.
What you may have heard is that equity in the home can become spendable money, but the how of it isn't quite clear. So you Google reverse mortgages to see what comes up.
You are pleased to see so many informational websites offering free guides and informational booklets on the reverse mortgage. Its like a bonanza for people just like you who just want some basic information.
Soon you come across a free report that can be mailed to you right away. That's exactly what you were looking for! You send in your information and keep an eye out for the report.
What may be news to you is that these websites are not actually altruistic, but operate for the purpose of gathering information to make a profit.
Profit is made 1 of 2 ways. The website owner could be an actual lender vying for reverse mortgage clients, and wants to be the one you pick should you continue the process.
Or they are in the lead sales business. This is big business in the reverse industry. Some of the most informational websites are also the most profitable lead generators.
What a website such as this does, is grab your information and sells it to a reverse mortgage lender, so they may get in touch with you.
You fill out the form, wait for the info, and little do you know, youll be receiving a phone call from a local reverse mortgage lender. He or she will remind you that you filled out the form and of their affiliation with that website.
Perhaps you entered your contact details on numerous websites for free guides. This means that multiple companies will be contacting you.
And by the way, it is a very competitive business so you can expect multiple calls from each of these folks attempting to garner your business.
So, as you gather reverse mortgage information online, if you give out your contact info, prepare yourself for phone calls that you were not necessarily expecting.
About the Author:
Make your way to this location for big Q&A about the Texas reverse mortgage. And here for a Texas reverse mortgage informational report.
posted by Credit Counseling at
3:05 AM
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