Do you find Lender have a problem explaining reverse Mortgages and the way they work?Are Seniors being sold reverse mortgages by Loan Officers who know nothing about the product?

LO get the Reverse training or they can't present the product.

Reverse Mortgages are VERY SIMPLE, it's usually not the lender having a hard time explaining it. It's usually the borrower, or the borrowers children that have a hard time understanding what it is and how it works. Lenders will sometimes take short cuts in explaining the details of a HECM, and assume the borrower understand, when they most likely don't... WilliamAcres.com

I find that most Loan Officers DON'T try to sell reverse mortgages. Those that do have taken the time to get to know the product so they can properly explain it to the borrower. My experience is that it is usually the borrower's kids that get in the way and make it more confusing to their parents. However, except for the few kids that see Mom & Dad's home as a future inheritance, once preseneted with the ins and outs of this very simple product, everyone ends up happy. If you feel your loan officer is not well educated on the program, you should do some more research and find a better loan officer.