I have no problem with Fred’s acting. I rather liked his roles.
However, reverse mortgages are a bad deal for the homeowner, which is why there’s so much advertising for them. If you’d like to discuss the financial issues, I’d be happy to do so.
They may not be a good deal for you, but in a free market neither you nor I should be able to force our opinions on others.
I have zero debt, and 100% home equity and recently did a reverse mortgage.
I get over $1,500/month, tax free, which means I can take $1,500/month less from my 401K which saves me about $ 3,000 a year income tax.
My 401K will last longer, my income stays the same, and I save taxes, I retain home ownership, and the monthly income last as long as I live in this house.
How is that a "bad deal"?