Discussion in 'Politics' started by uscitizen, Feb 20, 2012.
And like you I have wondered about reverse mortgages...
LMAO! just LMAO.
You can make this up!
Say it isn't so.....
It is like seeing your Biology teacher passing out Chick Tracts at the local park
i dont get the reverse thing...dont you basically just sell your house?
Basically and you get payouts from the equity. when you die the equity "loan" is settled up and unless someone can pay off the "loan" the house is the loaners.
so you are betting against yourself?
Not really, you are making sure the kids inherit nothing.
You are basically taking out an equity loan with the house as collateral.
I am not sure what happens if you die soon or can you run out of the payments if you live too long?
Seems kinda wrong to me somehow.
A strange way to bypass any inheritance taxes.
Which might be a good deal for some people. Like someone who has no heirs. Or someoen whose children have their own homes, but aren't supporting their parents or even visiting very often.
Maybe a sign of our times that the extended family is vanishing and the nuclear family is nuclear.
Ahh yes the decline in family values and it is all the liberals fault!
What's funny about Fred?
Dread the Fred!!!
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