Wednesday is National Reverse Mortgage Day, an annual tradition to promote consumer awareness of reverse mortgages and their ability to unlock housing wealth for American seniors.

Longbridge Financial, one of the nation’s leading reverse mortgage lenders, is participating in the educational event. The company published information Wednesday about long-standing consumer misconceptions that continue to form barriers for lenders.

“Many of the concerns retirees express today reflect how reverse mortgages were viewed in the past, not how they function now,” Melissa Macerato, chief revenue and marketing officer at Longbridge Financial, said in a statement. “That disconnect can prevent people from asking details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com