lakerunner
Recycles dryer sheets
- Joined
- Jan 15, 2019
- Messages
- 63
Our good friends and neighbors are thinking of selling their house and moving to lower cost, more senior friends area. One of the driving factors seems to be the amount of money that have tied up in the house. They have no children, so they are not worried about leaving an inheritance. This got me thinking about the best way to pull money out of a house. HAs anyone done a reverse mortgage or taken out a mortgage in their 70s?
Edited to clarify: I am looking for options where they can stay in this house and not move. They are not concerned about owing money on the property when they pass.
Edited to clarify: I am looking for options where they can stay in this house and not move. They are not concerned about owing money on the property when they pass.
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