fosterscik
Full time employment: Posting here.
An intriguing article by Scott Burns on the use of reverse mortgages to buy new homes with 50 percent down and then using a reverse mortgage to pay the mortgage on your 50% ownership to pay the remaining mortgage payments.
https://assetbuilder.com/knowledge-...e-home-equity-to-eliminate-a-mortgage-payment
Not good if you want to leave property to your kids, or if you want to reserve the possibility of a later reverse mortgage to pay long-term care costs, but perhaps something to consider?
https://assetbuilder.com/knowledge-...e-home-equity-to-eliminate-a-mortgage-payment
Not good if you want to leave property to your kids, or if you want to reserve the possibility of a later reverse mortgage to pay long-term care costs, but perhaps something to consider?