not only that, but a simple home equity loan would provide money for living expenses just as well as selling your mortgage outright....
of course, I realize that some people are in desparate condition and maybe the reverse is the only way they have....
posted on 03/25/2009 10:07:48 PM PDT
The “attractive” feature about the reverse mortgage is that you don’t make any monthly payments on the money you “borrow” or use AND you can live in the home until you die, sell or whatever.
posted on 03/26/2009 9:09:31 AM PDT
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