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IS A REVERSE MORTGAGE A GOOD IDEA? Need Help deciding
Posted on 9/26/23 at 8:14 am
Posted on 9/26/23 at 8:14 am
Hi fam,
I’m 63 wife is 66, wife retired from FETI at LSU. Me social security I was self employed until a year ago.
We live in Tara subdivision only owe 110k on a house with a 300k valuation.
Anyone with financial knowledge think a reverse mortgage is a good idea to eliminate a house note of 1035.00 a month?
It’s our forever home and plan on staying in it till the end.
Thanks fam,
I’m 63 wife is 66, wife retired from FETI at LSU. Me social security I was self employed until a year ago.
We live in Tara subdivision only owe 110k on a house with a 300k valuation.
Anyone with financial knowledge think a reverse mortgage is a good idea to eliminate a house note of 1035.00 a month?
It’s our forever home and plan on staying in it till the end.
Thanks fam,
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