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re: Thinking of a Reverse Mortgage

Posted on 10/11/23 at 10:43 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74939 posts
Posted on 10/11/23 at 10:43 am to
quote:

So you're agreeing that reverse mortgages are a bad idea, like HELOCs


No because its the best loan ever
Everyone on here loves HELOCs yet they are the worst

Its clear you have no idea how the loan works and are just the typical doom and gloom guy
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2171 posts
Posted on 10/11/23 at 11:31 am to
In all seriousness, please enlighten me.
I'm not a HELOC fan and havent seen everyone here encpuraging them especially at current rates.
As for the technicality you could pay balance as you go, that's not what OP intends to do. He wants to pull equity to spend as I think most RM customers do.
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