Are the benefits of them better or worse than they were before?|||There are MANY terrible companies but much to Judy's dismay, I am sure, there are many good companies out there as well. Research is the key word.
I would imagine that right now it might be harder to find one of the good ones willing to give much at all against your equity.|||Reverse mortgages carry so many closing fees and maintenance fees they have never been a good idea.
Most people move out of their home on average when they are 85. When you move out = you have nothing - nothing to your name.
You can't even buy a small apartment. Your children won't want to take care of someone that owns nothing.
I forsee reverse mortgage business booming, but only because people like to borrow and not make wise decisions about their future.
/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment