I got a 11% VA loan in ‘82. I converted into a 5% loan later on. I paid the 30 year mortgage off in 15 even though when I took it I was at the maximum allowable loan at the time. I would add a little extra money each month when I could afford it. I bought the house when I was 35 and paid it off when I was 50. It is worth 6 times what I paid for it. I’m retired with no mortgage. Is a reverse mortgage in my future? Probably won’t need it, but my kid’s will benefit.
OK Boomer.