#1
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Reverse Mortgage
I thought I saw a Reverse Mortgage thread here but can't seem to find it.
I'm contemplating an RM myself and would like to find a source where I can get answers without marketing hype. I see online many pro/con descriptions, but I would like to have specific questions. Anyone know the best way to get started? Thanks. |
#2
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Was it this one? https://www.acousticguitarforum.com/...light=mortgage
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Emerald X20 Emerald X20-12 Fender Robert Cray Stratocaster Martin D18 Ambertone Martin 000-15sm |
#3
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Highest and best are for those with no heirs and no one they want to have the house and wish to live in the house until the paramedics carry them out.
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1999 Taylor 812ce 1972 Lyle Hummingbird |
#4
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Here's the same thread from January 2023 that RP referenced above.
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"They say it takes all kinds to make this world - it don't but they're all here..." Steve Forbert - As We Live and Breathe |
#5
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There are a lot of smart people herein but your financial wellbeing should be evaluated by your (or a ) financial adviser. Someone who knows your entire income, debt, investment, social security, pension, real estate status..... to advise you how to proceed in any financial ventures. Frequently, your insurance agent will have someone they recommend as part of your overall financial security and protection.
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Don't get upset, it's just my experienced opinion, Steve |
#6
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Yes Radiokid. Your description for whom the RV might work for is exactually where I am.
no heirs etc. I will have a Q&A with a RM person at my credit union this week. I may actually be able to by a $$$$ Guitar. Thanks, for the responses. |
#7
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I apply a sports term for these types of end-of-life decisions. Playing out the clock. I don't see any reason for a person 80 plus gambling on long term investments. Or eating dog food to save money to pass on to their children.
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Waterloo WL-S, K & K mini Waterloo WL-S Deluxe, K & K mini Iris OG, 12 fret, slot head, K & K mini Follow The Yellow Brick Road |
#8
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Here's a source for basic info: https://files.consumerfinance.gov/f/...sion-guide.pdf
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#9
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Here is the current thread: https://www.acousticguitarforum.com/...d.php?t=663396
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PS. I love guitars! |