” Selling and buying something smaller ———
That’s what I did 15 years ago(I’m 80).
These reverse mortgages are a big scam.
.
” Selling and buying something smaller ———
That’s what I did 15 years ago(I’m 80).
These reverse mortgages are a big scam.”
Thanks Mears. One of my friends commented that the only difference between a 65 year old fool thinking about getting a reverse mortgage and a 70 year old fool thinking about getting a reverse mortgage is about 5 years.
Unfortunately, most of the articles on the internet are written by government agencies, real estate brokers and loan sharks. My friend and her husband went this route, he died and she couldn’t come up with the cash to pay the balance so the bank now owns their home.
Every time I see Fred Thompson on TV pushing them I say shame on him. Rather like Andy and the AARP Commercial.