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re: IS A REVERSE MORTGAGE A GOOD IDEA? Need Help deciding

Posted on 9/26/23 at 4:40 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74306 posts
Posted on 9/26/23 at 4:40 pm to
quote:

Unless you tap out all the equity and are forced to sell in your late 70s or early eighties




Thats not how it works

Yes get a Reverse and enjoy. Cant wait till I turn 62 to get one

But rates are high so benefit isnt as much
Posted by WDE24
Member since Oct 2010
54183 posts
Posted on 9/26/23 at 5:15 pm to
My bad. I shouldn’t have commented.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 9/27/23 at 10:36 am to
quote:

Yes get a Reverse and enjoy. Cant wait till I turn 62 to get one

Found the guy that sells reverse mortgages
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28843 posts
Posted on 9/27/23 at 1:08 pm to
quote:

Thats not how it works


This.

People don't understand how Reverse Mortgages work and no I don't "sell" Reverse Mortgages. Reverse Mortgages aren't for everyone.
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