To: nickcarraway
I have known people who have taken reverse mortgages. They are simply another financial vehicle, like a life insurance annuity. It isn’t intrinsically a scam, though for all I know the company he was working for might have been no good.
2 posted on
05/13/2025 3:33:54 PM PDT by
Dr. Sivana
("Whatsoever he shall say to you, do ye." (John 2:5))
To: Dr. Sivana
They aren’t a scam but they are a terrible idea. There are much better and less expensive ways to do the same thing.
16 posted on
05/13/2025 3:55:54 PM PDT by
SaxxonWoods
(The road is a dangerous place man, you can die out here...or worse. -Johnny Paycheck, 1980, Reno, NV)
To: Dr. Sivana
They are simply another financial vehicle, like a life insurance annuity. Another expensive high fee financial vehicle for those with substandard retirement plans
Reverse mortgage-- why not?? One point against is the real risk of losing one's home by failing to keep up with required payments to maintain the home, basically living too long and the front money has run out so nothing left to pay taxes and maintenance.
46 posted on
05/13/2025 6:52:47 PM PDT by
af_vet_1981
( The bus came by and I got on, That's when it all began.)
To: Dr. Sivana
Reverse mortgages are not a good situation to be in but people have too much time on their hands if they are getting upset with Tom.
60 posted on
05/14/2025 11:15:24 AM PDT by
Vision
(“Our Democracy” means "Our Slush Fund." The Left is hate.)
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