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The Reverse Mortgage
Old 02-05-2015, 09:59 AM   #1
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Join Date: Jul 2012
Location: Peru
Posts: 6,337
The Reverse Mortgage

This website popped up in one of my news websites. It covers the Pros and Cons of a reverse mortgage. There were some popup ads that I ignored, but it looks like a commercial firm sponsors the site...

In any case, the information was good, with the "Cons" spelled out clearly. (High closing and other fees).

Reverse Mortgage Disadvantages | Your Guide

Not for me, as we expect we'll move fom our CCRC regular home, into the apartments, when the time comes... We like living in our own home, but recognize that this may not always be possible, and the idea of living in a social, protected setting, with known costs, meals, services and cares included... will be easier than struggling with the expenses and responsibilities of home ownership.
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