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Started By
Message
1
Posted on 9/27/23 at 11:08 am to SuperSaint
quote:
Found the guy that sells reverse mortgages
No I dont but if you can explain why a Reverse mortgage is bad im all ears
Either way the second I turn 62 i will enjoy no payments for life
Posted on 9/27/23 at 1:08 pm to SDVTiger
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.
Posted on 9/27/23 at 1:37 pm to SDVTiger
quote:
No I dont but if you can explain why a Reverse mortgage is bad im all ears
The biggest complaint will be they are expensive and they can be expensive.
Posted on 9/27/23 at 3:50 pm to Oneulus
Nothing said in your post makes any sense. If your wife is 66 and retired from LSU, she should be getting Social Security and a retirement, correct?
And you are 63, drawing Social Security as well? Ya'll should be getting a pretty good chunk each month.
Any kids? At ya'll age...should've paid that house off long ago. But if you need the money to make ends meet, that is what a reverse mortgage is for.
If you do have kids and wanted to leave your home to them you can kiss that idea goodbye should you go through with a reverse mortgage. But hey, if it addresses ya'll immediate problems, go for it!
It's obvious ya'll cannot manage money very well and you know the old saying...you can't teach an old dog new tricks.
Good luck!
And you are 63, drawing Social Security as well? Ya'll should be getting a pretty good chunk each month.
Any kids? At ya'll age...should've paid that house off long ago. But if you need the money to make ends meet, that is what a reverse mortgage is for.
If you do have kids and wanted to leave your home to them you can kiss that idea goodbye should you go through with a reverse mortgage. But hey, if it addresses ya'll immediate problems, go for it!
It's obvious ya'll cannot manage money very well and you know the old saying...you can't teach an old dog new tricks.
Good luck!
Posted on 9/27/23 at 7:04 pm to Lutcher Lad
quote:
that is what a reverse mortgage is for.
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