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Dec 30th, 2023
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 Re: Reverse mortgage? Yeah or nay and why
[Re: Trebor Neil]
#13815319
12/22/20 01:47 PM
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Joined: Mar 2005
Posts: 41,371
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,371 |
Butch,,,PLEASE STUDY THE Actual particulars of the LOAN she would be placing, she does not transfer title, so, all the upkeep, insurance ,taxes, etc would remain her obligation.
JMO, Based on my having been a Mortage Broker.
, we did & you are right about the insurance upkeep & taxes she is paying all of that now this would be all about her having a load of $ & being able to stay in the house we are not worried about inheritance but i will definitely take your advice
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Re: Reverse mortgage? Yeah or nay and why
[Re: HasBen]
#13815529
12/22/20 04:19 PM
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Joined: Feb 2008
Posts: 18,150
krawlin 47
TFF Guru
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TFF Guru
Joined: Feb 2008
Posts: 18,150 |
Well that did not take long! I am a huge believer in Ramsey - have followed his guidance as much as possible....Dave gets right to the point in this article and echoes many who have already provided input.
Whether you think you can or you can't, you are probably right.
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Re: Reverse mortgage? Yeah or nay and why
[Re: krawlin 47]
#13815701
12/22/20 07:25 PM
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Joined: Mar 2005
Posts: 41,371
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,371 |
Well that did not take long! I am a huge believer in Ramsey - have followed his guidance as much as possible....Dave gets right to the point in this article and echoes many who have already provided input. wow that is not at all how it was presented to us by a legitimate mortgage dude the deal they offered was a lump sum of 90% & the rest in a year the loan has to be repaid 1 year after my Mom goes or hand over the keys
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