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Message
re: Thinking of a Reverse Mortgage
Posted on 10/11/23 at 8:23 am to TorchtheFlyingTiger
Posted on 10/11/23 at 8:23 am to TorchtheFlyingTiger
quote:
Unlike a regular loan you dont gradually pay it down
You realize you can pay the payment or the loan down whenever you want
Does this board not realize the loan is a HELOC on steroids
And no one has an issue with that loan despite it being the worst
1
Posted on 10/11/23 at 10:03 am to SDVTiger
quote:
Does this board not realize the loan is a HELOC on steroids
And no one has an issue with that loan despite it being the worst
So you're agreeing that reverse mortgages are a bad idea, like HELOCs?
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