Thursday, December 31, 2020

Example Of Stolen Wealth

Reverse mortgages are when seniors pledge home equity, in exchange for debt. The senior then receives their debt in a lump sum or regular payments. It’s similar to a home equity loan, with repayment terms being the major difference.

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Comment: This is an example of the hidden wealth transfer that is happening under the guise of public safety. People being forced to use their homes for credit once again putting real wealth in the hands of the bankers for nothing more than a credit note. This should be criminal.

This is equity and real wealth that should be the inheritance of the next generation, not being stolen by bankers for nothing more than an entry on a ledger. They don't actually risk anything. It is all smoke and mirrors.


allvoices

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