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June 04, 2020, 09:14:32 AM
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i've seen it all now....

 
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Aske
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i've seen it all now....
« on: November 14, 2007, 08:32:03 AM »

http://www.housingwire.co...rtgage-market-is-booming/
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
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spacey
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Re: i've seen it all now....
« Reply #1 on: November 14, 2007, 10:57:58 AM »

As long as there's no set date to surrender the property (meaning it's theirs until they die), I'd be fine if my parents did something like this. Their equity does nothing for them when they die, my brothers and I all own homes already, and we're all old enough that they don't owe us anything. If it allows them to enjoy retirement just a little bit more, I don't see a problem.
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Aske
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Re: i've seen it all now....
« Reply #2 on: November 14, 2007, 11:05:43 AM »

i'm not debating the merits, i just never would have even thought something like this exists
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
worst_golfer_ever
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Re: i've seen it all now....
« Reply #3 on: November 14, 2007, 01:53:55 PM »

They've been around for a while.  To me, it sounds a little scary - I'm not sure I'd want to totally trust a bank not to sell my house out from under me once the mortgage is paid off.  Of course, most folks with a reverse mortgage are probably not doing it because they want to.
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