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experience with reverse mortgage?

Posted By Message

debidonnamom
Kindness matters

Member since 12/10

1903 total posts

Name:
Mary (MOB)

experience with reverse mortgage?

DH planning to get info concerning reverse mortgage. I tend to be skeptical about these things!! Mary

Posted 3/31/11 6:25 PM
 

Blazesyth
*yawn*

Member since 5/05

8129 total posts

Name:

Re: experience with reverse mortgage?

My friend's grandmother had it. It was a burden to his parents when she died as the amount that she 'borrowed' from the mortgage was more than what the house was worth after the market dropped.

Posted 3/31/11 7:35 PM
 

debidonnamom
Kindness matters

Member since 12/10

1903 total posts

Name:
Mary (MOB)

Re: experience with reverse mortgage?

Posted by Blazesyth

My friend's grandmother had it. It was a burden to his parents when she died as the amount that she 'borrowed' from the mortgage was more than what the house was worth after the market dropped.



I'll run this by DH!! Thanks, hon!!! Mary

Posted 3/31/11 8:34 PM
 
 

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