What are reverse mortgages and their advantages?

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Replied by Wanderer on topic What are reverse mortgages and their advantages?

Good question! Would guess that the the Reverse Mortgage would have to be zeroed first and the balance to the estate??? Note, I may be way off on this.
6 years 8 months ago #16
  • Joker
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What are reverse mortgages and their advantages? was created by Joker

There have been untold hundreds of new commercials about reverse mortgages. Looks like they are trying to get older people that have paid their mortgages for many years to give up all the equity they have in their homes. Doesn't it preclude the family from receiving the property after the death of the principle? Any one have any information?
6 years 8 months ago #17