|
Registered
Join Date: May 2004
Location: Lake Cle Elum - Eastern WA.
Posts: 8,417
|
Reverse mortgages are not always the best way to go due to the high fees charged.
Also, make sure both names of the couple are on the loan papers. I just read where an elderly wife was kicked out of her home due to the fact only her husbands name was on the loan and he passed away........
I wish my mother would do a reverse as she doesn't have much money to live on. She won't do it as she wants to leave the house to us 5 kids.....I'd rather not get a dime if it meant she had a better standard of living now.....
__________________
Bob S.
73.5 911T
1969 911T Coo' pay (one owner)
1960 Mercedes 190SL
1962 XKE Roadster (sold) - 13 motorcycles
|