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re: Thinking of a Reverse Mortgage
Posted on 10/10/23 at 6:31 pm to Oneulus
Posted on 10/10/23 at 6:31 pm to Oneulus
We covered this 2 weeks ago your previous thread asking same ?
It's still typically a bad a idea unless you have few other options and dont mind depleting your estate. Not to mention interest rates are high now so you'd be borrowing high interest to pay an old mortgage (presumably lower rate). Did you ever mention your current mortgage rate?
It's still typically a bad a idea unless you have few other options and dont mind depleting your estate. Not to mention interest rates are high now so you'd be borrowing high interest to pay an old mortgage (presumably lower rate). Did you ever mention your current mortgage rate?
2
Posted on 10/10/23 at 6:50 pm to TorchtheFlyingTiger
quote:
It's still typically a bad a idea
Why is it typically a bad idea?
Op get it an enjoy life!
Posted on 10/10/23 at 7:43 pm to TorchtheFlyingTiger
Hey sorry wife asking me to ask again
3.25%, remaining mortgage is 110k, house estimate 325k.
Thanks
Just thinking of trying to generate an extra 1k a month for enjoying our retirement a little more.
Reverse mortgages have many reviews but still seems mixed opinions.
3.25%, remaining mortgage is 110k, house estimate 325k.
Thanks
Just thinking of trying to generate an extra 1k a month for enjoying our retirement a little more.
Reverse mortgages have many reviews but still seems mixed opinions.
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