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Registered
Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,915
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But... Another way to look at it is the old people may only reverse mortgage 20K or 30K a year out of the house and the house value increases by 50K a year.
When the oldies die and the place is cashed up at current value and "reverse mortgage" money plus interest on that money deducted it there may be still $500,000 left in it.
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