Years ago I read a quote from Thicken My Wallet, the Canadian lawyer and retired blogger, that “the financial industry preys on inertia“. It was true back then in 2007, and it remains true today in 2022. For whatever reason, once people have made a financial decision, they’re loath to revisit it. The financial industry […]
Archives for April 2022
What the Heck is a Reverse Mortgage?!?
At breakfast this morning my wife had a great question, “what is a reverse mortgage?” We see them advertised all the time, with happy old people enjoying life because of their reverse mortgage. A mortgage is something that helps you buy a house, so what the heck does a reverse mortgage do? A reverse mortgage […]