May

22

I note Henry Winkler and Fred Thompson touting the merits of reverse mortgages.

Without any facts my gut says they are bad?

Any Specs have any facts to share?

Russ Sears writes:

Those considering this should shop around. The commissions are high and the margins are also. This is especially true if they are not in perfect health, as the actuary tables assume anti-selection. A much better option, for those with family that can afford it, is to have a family member monthly buy a higher percentage of the resale value at time of inheritance. 


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